Positive economic data from China has boosted stocks in US with most European & Australian markets closed during the Easter Monday trading session. Retails sales in China grew by 10.9% which helped strengthen the AUDUSD pushing it through $0.76 overnight before coming down to $0.75 this morning.
UK inflation held at 3 years high around 2.3% supporting the GBP and seeking AUDGBP lower again for nearly a 12th straight day. UK economy has continued to rebound in the wake of Brexit and the triggering of Article 50 last month.
DATA RELEASES THIS WEEK:
AUD – Monetary Policy Meeting Minutes
USD – Crude Oil Inventories
USD – Philly Fed
USD – Unemployment Claims
GBP – BOE Gov Carney Speaks
USD – Treasury Sec Mnuchin Speaks
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