Daily Alert: Friday 11th August 2017

Mark NugentAug 2017, Daily Alert

Forex Analysis for Friday 11th August 2017

Economic Calendar

RBA Governor Lowe stated the board is prepared to be patient regarding monetary policy and that a weaker AUD would help reach full employment quicker and support inflation. Lowe also commented that the RBA are prepared to intervene in AUD, although it would have to be in an extreme situation. (Newswires)

Trump/North Korea tensions continue with an ongoing war of words.

Market Reaction

Korea tensions dominate. Global equities drop like stones. Gold rises. The JPY strengthens, reflecting the risk-off tone. GBP hits support. Commodity currencies are all down. Yeilds drop on US 10 Years.

News Media

Risk off due to Trump/North Korea

Today’s Calendar

USD Core and Headline CPI.

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