Australian dollar holds revenues in Asia after China industrial output soars

Australian dollar holds revenues in Asia after China industrial output soars

On Wednesday, the Australian dollar held slight revenues in Asia, after China posted better than expected industrial output. Additionally, market participants waited for fresh clues from the latest Fed policy review.

The currency pair AUD/USD demonstrated 0.7539, rising 0.03%, while USD/JPY hit 109.95, sliding 0.09%.

China posted that industrial output for May inched up faster than expected 6.5% on year. As for retail sales, they earned too, outperforming the expected 10.7%, while fixed-asset investment didn’t manage to surpass the expected 8.6%.

Meanwhile, New Zealand informed that its current account for the first quarter faced a deficit of about NZ$8.13 billion, which is wider than the deficit of NZ$7.28 billion observed and from NZ$7.11 billion last year.

The currency pair NZD/USD reached 0.7220, standing still.

The US dollar index, estimating the greenback’s value versus six leading currencies, dived 0.07%, trading at 96.90.

 

Similar

The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

Latest news

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.

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.

Callback

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