The Aussie is still underperforming...
Prior chart:
The Aussie is still underperforming, but some way off overnight lows vs the Pound within a 1.8150-1.8200 range in wake of trade data revealing a 1% fall in exports due mainly to iron ore, though the partial recovery is mainly down to another pull-back in its US counterpart rather than anything else.
However, retail sales were not quite as weak as forecast and some are touting a hawkish shift from the RBA next week given tangible evidence of a rapid recovery in the domestic economy via the labour market and booming building permits.
Non Farm Payrolls out tomorrow so trade safe!
The Aussie is still underperforming, but some way off overnight lows vs the Pound within a 1.8150-1.8200 range in wake of trade data revealing a 1% fall in exports due mainly to iron ore, though the partial recovery is mainly down to another pull-back in its US counterpart rather than anything else.
However, retail sales were not quite as weak as forecast and some are touting a hawkish shift from the RBA next week given tangible evidence of a rapid recovery in the domestic economy via the labour market and booming building permits.
Non Farm Payrolls out tomorrow so trade safe!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.