DirectFX-phone-number-and-phone-image3.gif

p_7_top.jpg

Get a free Quote

Name
Email
Phone
From CCY
To CCY
Amount
Message
please type the characters you see:
(spam filter)
spam control image
 
p_1_top.gif

Apply now

Obligation free account and currency commentary btn_apply_for.gif
p_1_bottom.gif
Browse By Topic
Archive

FX News

Most recent FX News:

Read more

Australian CPI comes in soft, AUD sinks

Written by Sam Coxhead on January 25th, 2011.      0 comments

 11:55 PM (AEST) Australian CPI for the 3rdquarter just released showed a headline number  increase of +.4% which was quite a bit less that the .7% the market analysts had expected. This caused the AUD to sell off 40 odd points immediately and will mean the RBA are probably able to leave the cash rate unchanged in Australia until 2012 if we see further weak economic numbers. Currently the market has just one 25pts hike priced by year end.
There has been large volume AUD change hands around the parity level in the last 24 hours, so this number will certainly be of concern for those that bought AUD , there has to be potential for reversal of those bought positions, and therefore a move lower in the AUD in the short term.
The AUD looks to remain in its recently familiar .9800/1.0100 range for the time being, with Australia Day tomorrow and data due until Private Sector Credit numbers next Monday.
          Last 24 hours trade
  Current level Pre-AU CPI Chge since AU CPI   Low High
NZD/USD 0.7653 0.7651 0.0%   0.7522 0.7661
AUD/USD 0.9929 0.9972 -0.4%   0.9828 1.0022.
NZD/AUD 0.7706 0.7671 0.5%   0.7629 0.7687
AUD/NZD 1.2977 1.3036 -0.5%   1.3008 1.3107
NZD/GBP 0.4793 0.4790 0.1%   0.4723 0.478
NZD/EUR 0.5613 0.5612 0.0%   0.5552 0.5601
NZD/JPY 63.23 63.20 0.0%   62.53 63.14
NZD/CAD 0.7604 0.7605 0.0%   0.7521 0.7604 
 

Comments