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Australian Business Confidence rises

Written by Sam Coxhead on March 8th, 2011.      0 comments

11:45 AM (AEST) The NAB Business Confidence and Conditions Indexes just released showed rise in both at level of 10pts and 4pts respectively.

This has nudghed the AUD up towards the upper end of its small range on the day. In the absence of tier one economic data, most currency pairs have been trading very close to levels where New York closed.

Australian Homes Loans on Wednesday will be the next domestic forcus for Australia.

On Thursday the RBNZ meets to announce the cash rate with the market fully rpiced 25pts and a 50/50 chance of a full 50pt emergency cut in the wake of the devastating Earthquake in Christchurch. In Australia on Thursday the all important Employment numbers are released with the market expected 21.5k of jobs to have been added and the Unemployment rate to remain at an impressive 5%.

NZDUSD .7374
AUDUSD 1.0125
NZDAUD .7283
AUDNZD 1.3731
NZDGBP .4554
NZDEUR .5281
NZDJPY b60.68
NZDCAD .7280
 

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