Upbeat data of China's inflation released during early Wednesday did not support the Aussie. China’s Consumer Price Index (CPI) was same as previous month maintained at 0.6% while rising-0.2% YoY versus -0.6 % expected. Adding to it, the Producer Price Index (PPI) followed the suit with a record of 1.7% versus 0.7% forecast. It should [...]
The AUD/USD pair is trading on the positive side. Encouraging Australian data released at the beginning of the day provided support to the pair, as the AIG Performance of Manufacturing Index improved to 58.8 in February from 55.3 in the previous month. The Commonwealth Bank Manufacturing PMI for the same month printed at 56.9 from [...]
Australia is one of the nine nations which holds a AAA credit rating, the country’s Treasurer Josh Frydenberg said after the US-based Fitch Ratings affirmed the OZ economy’s top-tier AAA rating, Country’s Treasurer Josh Frydenberg tweeted out that "Fitch says we have 'weathered the pandemic well compared with peers' and 'Australia's labor market appears to [...]
The early-Asian comments from Australia’s Treasury Secretary and upbeat Consumer Inflation Expectations favors the Aussie. Earlier on Thursday, Australia’s Treasury Secretary Kennedy gave comments praising the Pacific major’s pace of economic recovery. He also said, “Looking forward to an increase in business investment this year and next.” Favoring Aussie, Australian Consumer Inflation Expectations for February [...]
