Greenback Lower Ahead of Key Data Releases

The Greenback was again lower in today’s trading, continuing the declines seen yesterday, as investors look ahead to today’s key data releases from the US. US Core Durable Goods Orders Today sees the release of the monthly US Core Durable Goods Orders at 12.30 GMT, Having suffered a heavy and unexpected decline last month, an increase of 0.5% is being forecast. Anything […]

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Pound Stable Despite Surprise Rise in UK Claimant Count Change

The British Pound was virtually unchanged in Asian trading despite the release of soft UK claimant count change data yesterday. UK Claimant Count Change In a report issued by the Office for National Statistics, official data showed on Wednesday that the UK claimant count change increased unexpectedly in March. UK claimant count change increased to a seasonally adjusted 6.7K, a large leap from the -9.3K recorded in […]

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Aussie Gains on Strong Australian Business Conditions

The Australian Dollar rose in the overnight trading session following the news that Australian business conditions saw improving conditions last month, lifting the index to its highest level in eight years. A monthly survey by the National Australia Bank of more than 400 companies showed its index of Australian business conditions increased four points to +12 in Month. The rise took the index to its highest […]

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Aussie Unchanged Despite Weak Data

Australian Dollar in Spotlight

The Australian Dollar held firm in the Asian trading, remaining unchanged against its US counterpart despite the release of downbeat Australian consumer sentiment data. The AUD/USD was up 0.03%, trading at $0.7438 as investors seemed to shrug off the news that Australia’s consumer sentiment dropped 2.2% in March, following a 4.2% increase recorded in February. The Aussie enjoyed relative investor support despite a separate report released overnight showing […]

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Aussie Hits 2-Month High Following Strong Trade Data

Australian Dollar in Spotlight

The Australian Dollar hit a 2-month high against the US Dollar in this morning’s Asian trading session following the release of better than expected trade balance data from Australia. In a report issued by the Australian Bureau of Statistics, official data showed on Thursday that Australia’s trade balance increased more-than-expected last month. Australia’s trade balance increased to a seasonally adjusted figure of -2.937B, […]

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Kiwi Rises on Mixed Retail Sales Data

The New Zealand Dollar shrugged off an initial drop to make gains against its US counterpart following better than expected Core retail sales figures. The initial decline came after official data released on Monday showed that New Zealand’s retail sales figures increased less-than-expected in January. In the report released by Statistics New Zealand, retail sales increased to 1.2%, last month, […]

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