Opening levels


Monday 7/10/2017 Sydney open levels  (Friday close)

  • $JPY 113.88   (113.90)
  • EUR$ 1.1399   (1.1398)
  • GBP$ 1.2883   (1.2876)
  • $CHF 0.9632   (0.9639)
  • $CAD 1.2883   (1.2875)
  • AUD$ 0.7601   (0.7603)
  • NZD$ 0.7277   (0.7277)


News over the weekend

  • G20 Communique agreed apart from climate issue
  • G20 Communique Trade section includes commitment to fight protectionism
  • ECB Villeroy sees Autumn as the season to adapt stimulus
  • Japan PM Abe’s support rate slides to lowest ever


Market now pricing in 94.8% chance of 25bp hike by the Bank of Canada this week after Friday’s strong labor market data out of Canada, while probability of the FED hike in September decreased to 16% on the back of lower than expected average earning growth.

This week’s highlights are Bank of Canada rate decision on Wednesday then US CPI and Retail Sales on Friday.