AUDUSD continued to strengthen and traded as high as 1.3% on late Friday, topping above US $0.78 cent for the first time since May 2015. The push was triggered by a weaker than expected economic data and Feds hinted an unlikely third US interest rate hike later this year.
Investors will be looking at GDP result due out today from China & Unemployment numbers from US and from a local focus Unemployment numbers due out in Australia on Thursday.
DATA RELEASES THIS WEEK:
CNY – GDP q/y & Industrial Production y/y
AUD – Monetary Policy Meeting Minutes
NZD – CPI q/q
GBP – BOE Gov Carney Speaks
USD – Building Permits
AUD – Employment Change & Unemployment Rate
JPY – Monetary Policy Statement, BOJ Outlook Report & BOJ Policy Report
GBP – Retail Sales m/m
EUR – ECB Press Confidence & Minimum Bid Rate
USD – Unemployment Claims
CAD – CPI m/m & Core Retail Sales m/m
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