Markets Driven by Central Bank Heads
Thursday 29th of June
Global optimism has again been spurred overnight following a raft of confidence boosting comments from a handful of the world’s largest central banks. Driving the Australian dollar to its highest level since March when valued against its US Counterpart, its strength has since been well maintained as it currently oscillates around the 76.30 US cents mark. Whilst the domestic session today isn’t likely to offer many surprises, underlying shifts in the worlds reserve currency remain front and centre as investors await the release of this evenings US GDP print to see if realised economic growth sits alongside the optimistic projections being touted by policy makers.