Aussie seems to trading low against dollar, ahead of Australian budget release. It seems that the Aussie ignores the China inflation data. China CPI recovered but stayed below forecasts, PPI remains strong. China’s Consumer Price Index (CPI) has eased below -0.2% forecast to -0.3% MoM but stayed above -0.5% prior. The yearly CPI was with [...]
Aussie fell today as Australia inflation figures disappointed traders during early Wednesday. Also adding to the Aussie's weakness is the stimulus withdrawal pessimism and the Us dollar strength. Australian consumer prices rose by much less than expected last quarter while core inflation increased by the weakest pace on record, which clearly signals monetary policy could [...]
Global economic optimism created due to the covid vaccine rollout weighs on the safe haven asset - greenback. Along with that, the RBA monetary policy, Lower Treasury yields seems to favor the Aussie. As per the Australian RBA minutes, Australia’s economic recovery has surpassed all expectations with an “above-trend” expansion likely this year. The country’s [...]
Australia’s Employment Change has rose beyond 35K forecast to 70.7K, versus 88.7K prior and the Unemployment Rate eases below 5.8% previous readouts and 5.7% market consensus to 5.6%. "The March 2021 labour force survey was another incredibly solid report," said Gareth Aird, head of Australian economics at CBA. "It supports our non-consensus call that the [...]
