Send Payments Weekly trading update on 5th March 2024!

Thank you Ian Cragg and the Send Payments Team for sharing the “Send Payments Weekly trading update!” With THE EXPATRIATE Community.

In The News Yesterday! 🌏

– Market Conditions and what’s in the calendar 🗓️

Economic Data Snapshot:

January building approvals in Australia fell below expectations.

Q4 inventories slumped, raising concerns about the potential impact on Q4 economic growth.

Despite a surge in company profits, the inventory number poses a challenge for the upcoming GDP report.

In The News Today! 🌏

– Market Conditions and what to look out for this week 🗓️

EUR/USD is trading below 1.0850 in Asian trading on Monday. The pair's downbeat tone is supported by further US Dollar demand amid rising geopolitical tension in the Middle East. Investors will be watching these developments closely prior to a busy end of the week.

Currency Market Update 7th August 2023

Last week, the Australian dollar faced challenges against major currency pairs. The AUD/USD lost 2.11% due to a strong US dollar and positive economic data. The AUD/EUR declined 2.32% as the European Central Bank signaled a potential policy pause