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The AUD losses ground against the USD yesterday amid higher US yields. Wall Street hit new all-time highs but retreated afterward. Friday’s Asian session begins with little difference to the AUD/USD rate trading at 0.6678.
Initial Jobless Claims in the US for the last week increased by 222K, exceeding expectations, butcame in under the prior week’s 232K. Housing data was mixed, with Housing Starts increasing 5.7% YoY, while Building Permits plunged -3%.
in China retail sales figures posted under expectations with 2.3% YoY expectations were at 3.7% YoY, while industrial production posted higher thank expected 6.7% YoY over 5.5% YoY.
Economic data to watch out for.
- CN – Apr. Fixed Assets Ex Rural YTD y/y
- CN – Apr. Industrial Production y/y
- CN – Apr. Retail Sales y/y
- CN – Apr. Surveyed Jobless Rate
- UK – BOE’s Mann speaks
- EU – Apr. CPI m/m
- EU – ECB’s Vasie, Holzmann, Kazaks, Vujcic Speak
Mid market rates.
Currency Pair Mid-market rate
AUD/USD 0.6666
AUD/NZD 1.0905
AUD/JPY 103.88
AUD/CNY 4.8192
AUD/EUR 0.6136
AUD/GBP 0.5265
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