Australian data puts pressure on Aussie, Kiwi heads north

Australian data puts pressure on Aussie, Kiwi heads north

On Tuesday, the Australian dollar headed south versus its American counterpart reacting to the publication of quite pessimistic Australian data. Another contributing factor was the major bank’s move, which made up its mind leave its interest rate intact. As for the New Zealand dollar, this commodity currency managed to inch up because the evergreen buck went down a bit.

The currency pair AUD/USD headed south 0.20% demonstrating an outcome of 0.7861. It has appeared to be the lowest reading of this pair since January 11.

On Tuesday, the Reserve Bank of Australia decided to leave its benchmark interest rate intact. Currently it accounts for 1.50%. The given move was generally anticipated by most market experts.

The decision emerged right after the Australian Bureau of Statistics informed that in December retail sales went down 0.5% versus hopes for a slump of just 0.2%.

According to a separate report, in December Australia's trade balance reached a A$1.36 billion deficit versus a surplus of about A$0.036 billion in November, whose figure was updated from a previously assessed deficit that accounted for A$0.63 billion.

Market experts had hoped that in December the trade balance would demonstrate a surplus of A$0.25 billion.

The currency pair NZD/USD managed to grow 0.39% being worth 0.7293, which is off a two-and-a-half week minimum of 0.7261 reached overnight.

At the same time the New Zealand dollar derived benefits from a retreat in the US currency because the evergreen buck took a breather having soared to an almost two-week maximum due to the previous week's firm American jobs report.

The U.S. dollar index that normally gauges the US dollar’s value versus a trade-weighted basket of six main rivals, headed south 0.15% demonstrating a reading of 89.44, which is off the almost two-week maximum of 89.58 hit overnight.




Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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