Get a free Quote

From CCY
please type the characters you see:
(spam filter)
spam control image

Apply now

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

FX News

Most recent FX News:

Read more

Australian Retail Sales disappoints

Written by Sam Coxhead on December 2nd, 2010.      0 comments

11.41 AM (AEST) Australian Retail Sales just released showed a fall of 1.1% against the market expectation of +.4%. The Trade Balance was better than expected at 2.63B against an expectation of 2.07B . With the Retail Sales number being the focus the AUD has dipped. Interestingly the market positioning was such that the NZD has been bought as “sold NZD/bought AUD” positions are reversed. The buying of NZD against the selling of AUD has pushed the NZD marginally higher on all cross rates.
Overnight saw a reversal of some of the risk aversion that has occurred over the last week. This profit taking was spurred on by rumours the ECB will today come out  and action stern measures to steady the market against the pressures on the Govt debt in the Eurozone.
This possibility of Quantitative Easing from the ECB has seen Equities and commodity markets rally. The proof will be in the detail, so this coming session in Europe looks to be a very interesting one.
          Last 24 hours trade
  Current level Pre-Aust R.S Chge since Aust R.S   Low High
NZD/USD 0.7490 0.7483 0.1%   0.7394 0.7511
AUD/USD 0.9631 0.9664 -0.3%   0.9533 0.9698
NZD/AUD 0.7774 0.7733 0.5%   0.7718 0.7774
AUD/NZD 1.2863 1.2931 -0.5%   1.2883 1.2956
NZD/GBP 0.4800 0.4791 0.2%   0.4756 0.4808
NZD/EUR 0.5713 0.5702 0.2%   0.5681 0.5730
NZD/JPY 63.03 62.94 0.1%   61.85 63.24
NZD/CAD 0.7630 0.7618 0.2%   0.761 0.7640