Aussie drops after mixed data sets

Aussie drops after mixed data sets

On Monday, the Australian dollar descended in Asia on mixed data sets, which demonstrated that retail sales missed expectations, the manufacturing PMI eased, though home building figures gained.

The currency pair AUD/USD reached 0.7618, tumbling 0.14% after the data. Besides this, USD/JPY touched 111.22, sliding 0.16%, while EUR/USD acquired 0.17%, getting to 1.0673.

In Australia the AIG manufacturing index for March declined to 57.5 from 59.3, while Japan's Tankan large manufacturers poll demonstrated a soar to plus-12 from plus-10.

In addition to this, in Australia building approvals soared 8.3%, overleaping the 0.5% dip observed for February. Besides this, retail sales sank 0.1%, thus missing the 0.3% surge expected.

On Monday, financial markets in Shanghai are unavailable for a holiday.

In the week ahead, market participants will be looking to Wednesday’s Fed minutes for fresh clues on the timing of the next American rate lift ahead of Friday’s closely watched nonfarm payrolls data as well as a gathering between Chinese President Xi Jinping and American President Donald Trump in Florida.

 

 

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera