Markets Today – Route Sixty Six
From business.nab.com.au
There was plenty of economic data out Friday but not a whole lot of market price action across rates, or equities with only half day trading in the US, bigger movements coming (once again) in oil where WTI crude fell another 2% to $1.56 to $75.5, and too currencies where the USD continues to leak lower (DXY -0.5%). Losses came against all G10 currencies led by gains for GBP and the commodity linked pairs, CAD, NZD and AUD. AUD/USD came within kissing distance of the 0.66 handle, with a high of 0.6591 and closing right on the 200-day moving average at 0.6585 – its best close since 1 August. Geopolitically, the ...
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