AUDUSD is currently trading within a range below US$0.7890, and lost ground against other major currencies, as rising tension on the Korean peninsula sparked a rush back into safe-haven currencies such as Swiss franc and Japanese YEN.
This has prevented the AUDUSD trading over US$0.80 cents during the recent rally supported by high gold prices & iron ore. In this week’s events the market will be looking for further directions on the Unemployment rate from Australia & in the US.
DATA RELEASES THIS WEEK:
NZD – Retail Sales q/q
CNY – Industrial Production y/y
AUD – Monetary Policy Meeting Minutes
GBP – CPI y/y
USD – Core Retail Sales m/m & Retail Sales m/m
GBP – Average Earnings Index 3m/y
USD – Building Permits
USD – Crude Oil Inventories, FOMC Meeting Minutes & Unemployment Claims
NZD – PPI Input q/q
AUD – Employment Change & Unemployment Rate
CAD – CPI m/m
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