Aussie seems to be in negative trend despite the reports being positive. China’s Consumer Price Index (CPI) and Producer Price Index (PPI) for December crossed upbeat forecasts while flashing 0.2% and -0.4% YoY figures. Monthly CPI 0.7% versus 0.4% expected -0.6% prior has to be noted. Earlier today, Australia’s final reading of November’s Retail Sales [...]
The Australian dollars rose against the greenback on Tuesday, clawing back the previous day's losses as markets bet on a quick economic recovery in 2021 once corona virus vaccinations are widely distributed. Early Tuesday in Asia, Sydney Morning Herald (SMH) quoted Australian Prime Minister Scott Morrison who spoke to a local radio station during late [...]
AUD/USD drops to the fresh low of the day, during the early Tuesday. In doing so, the aussie pair ignores the upbeat prints of Australia’s November month Retail Sales figures while taking clues from the mild risk-off mood amid an easy session. As per the Preliminary readings, Australia’s Retail Sales jumped 7.0% MoM versus 1.4% [...]
Australian shares were set to open lower on Tuesday, with the benchmark weighed on by heavyweight miners' fears of Chinese regulatory scrutiny into iron ore prices. Iron ore futures slumped on Monday as speculative interest in the steelmaking ingredient faded after China's steel producers pushed for a regulatory probe into skyrocketing prices and a crackdown [...]
