Market Updates 14/08/2017

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:

 

MONDAY:

NZD – Retail Sales q/q

CNY – Industrial Production y/y

 

TUESDAY:

AUD – Monetary Policy Meeting Minutes

GBP – CPI y/y

USD – Core Retail Sales m/m & Retail Sales m/m

 

WEDNESDAY:

GBP – Average Earnings Index 3m/y

USD – Building Permits

 

THURSDAY:

USD – Crude Oil Inventories, FOMC Meeting Minutes & Unemployment Claims

NZD – PPI Input q/q

AUD – Employment Change & Unemployment Rate

 

FRIDAY:

CAD – CPI m/m

 

 

Andrew Law

General Manager

0411 625 998

Posted in 外汇新闻.