SportsFX Currency Update, 1st October 2024

SportsFX

Summary In this conversation, Chris Broadfoot and Matt Phelan provide a quick currency update, focusing on the Euro and New Zealand dollar against the Australian dollar. They discuss the impact of upcoming economic indicators, such as retail sales and CPI figures, on currency movements. The conversation also touches on the influence of geopolitical tensions on market uncertainty and emphasises the importance of having a currency management plan for protecting earnings. Takeaways - The currency market has been relatively flat overnight. - Focus on key currencies like the Euro and New Zealand dollar. - Retail sales data is crucial for understanding economic health. - The Euro is currently at an 18-month high against the Aussie dollar. - Geopolitical tensions create uncertainty in the market. - Economic forecasts can significantly impact currency values. - A currency management plan is essential for long-term financial health. - International money transfers can be done in various ways. - It's important to protect earnings over time. - Clients should stay informed about currency movements.