EncoreFX’s daily market updates are written by our experienced and professional dealing team.
Author: Dennis Li
As the risk-off momentum continues to dominate the markets, we saw the AUD remain under pressure below 0.7100 against the USD. With the lack of significant economic data so far this week, the AUD had little movement broadly against other major currencies while crude oil dropped by more than 4% overnight as Saudi Arabia vowed to meet the demands of the world’s oil consumers amid a deepening crisis over the killing of journalist Jamal Khashoggi and upcoming US sanctions on Iran.
© Copyright - EncoreFX, 2018.EncoreFX (Australia) Pty Ltd ABN 42 607 244 879 AFSL 479 870 is the issuer of the financial products in Australia. The information on this website has been prepared without taking into account your objectives, financial situation or needs and so before acquiring any financial services or products from EncoreFX, you should consider the appropriateness of the information having regard to your own objectives, financial situation or needs. You should obtain the product disclosure statement (PDS) for the relevant product and consider the PDS before making any decision to acquire the product. The information on this website is not directed at residents of any country other than Australia and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of, and comply with, any local law or regulation to which they are subject.