AUD/NZD News, Page 1

The economic calendar for the current week remained relatively quiet with a couple of monetary policy decisions from Reserve Bank of Australia and Bank of England.

It’s early to talk about the strengthening of the AUD because up to now, there are no crucial fundamental factors that may become drivers for the Australian currency. Let’s go through all the factors that can be a market mover for the Australian Dollar.

New Zealand will be releasing its quarterly CPI later tonight. Forecasts point to a 0.5% increase in inflation during the second quarter. The New Zealand Dollar gained 0.07% on Monday morning, trading at 0.6772.

The AUD is going down again after taking a short break. The RBA meeting minutes did not affect the currency very much, as everything was quite clear beforehand. The Chinese stats were, on the contrary, very influential.

Earlier today the Reserve Bank of New Zealand (RBNZ) left their Official Cash Rate (OCR) unchanged at a record low of 1.75% – as the markets had forecast. More importantly was the RBNZ revising inflation forecasts upwards, which is likely to signal an increase in interest rates earlier than previously

Recent US Dollar PerformanceThe US Dollar has experienced a prolonged and material decline in 2017. The DXY index has dropped from 102.80 (2nd January) to 91.33 (8th September), which roughly represents an 11% loss.This decline has come in 7 consecutive monthly black candles, an extremely rare occurrence and a substantial move

The Australian dollar finished the previous week off strongly against its US counterpart sitting at a 2 year high US8055c, which is making the RBA sit up and take notice, and if the currency goes much higher they may have no choice but to act.In their latest interest rate decision

The Australian dollar continued to rise today following yesterday’s surge. The poor macroeconomic data released over the current session did not bother the currency much.Yesterday’s rally was caused by the policy minutes of the Reserve Bank of Australia, which market participants considered hawkish. The notes showed that Australian policy makers targeted 3.5% as the neutral level for the key interest rate, and that is far above the current 1.5%.As for today’s

South Korea BOK Manufacturing BSI index came in at 81 in July compared to the previous fix of 82.Yen took some serious fall with most of its releases coming in short today. The Japan Retail Trade (YoY) registered at 2%, below the estimated value of 2.6%Japan Retail Trade s.a (MoM)

South Korea’s Consumer Sentiment Index came in at 111.1 in June versus a previous value of 108. New Zealand saw a mixed reaction with the New Zealand Trade Balance (YoY) registering at $-3.75B and going below expectations with a value of $-3.398B and New Zealand Exports coming in at $4.95B

The minutes from the June Reserve Bank of Australia (RBA) meeting revealed that the interest rates will be kept unchanged at 1.5%. The board suggested that the developments in the labor and housing markets should be watched carefully. Australia House Price Index (QoQ) met the forecasted value of 2.2% in

United Kingdom British Retail Consortium (BRC) like-for-like retail sales (YoY) were registered at -0.4% and went above the forecasted values (-0.5%). With the upcoming UK elections on June 8th, we expect the pound to be swaying in the markets. In addition, London faced three terrorist attacks in the recent months

The Australian dollar fell today against its major peers as poor China’s macroeconomic data overshadowed decent reports released in Australia. China is the biggest trading partner of Australia, therefore its economic performance has a big impact on the Australian currency.Australian retail sales climbed 1.0% in April from March, seasonally adjusted, far above market expectations of 0.3%. Private capital expenditure rose