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Terry Shearer lends us his expertise on a daily basis. Foreign Exchange Daily Market analysis is a daily market overview and commentary from Terry Shearer. This free service can also be sent directly to your email when you sign up. Sign up now, it's free!

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AUD ADVANCES QUIETLY

For my last commentary folks there is not too much to write this morning. The AUD advanced a little off shore in quiet US holiday trading conditions. European equity markets were solid and added a little to the positive sentiment. Trade should remain light again today as the market awaits direction from US trading next week. Keep an eye on global central bank meetings scheduled for next week as well. Many analysts are tipping further cuts to interest rates. For today I will call a range of .6480/.6600 for the AUD.

Opening Indicative Rates are:
AUD/USD 0.6560
AUD/GBP 0.4260
AUD/EUR 0.5085
AUD/NZD 1.1890
AUD/CAD 0.8070
AUD/JPY 62.50
AUD/CHF 0.7860

TODAYS NUMBERS AND EVENTS:

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