AUDUSD continued to trade higher after a sell off on Friday buoyed by better than expected non-farm payroll data released. There were additional jobs creations in July rose to 209k while the market was expected only 183k.
In overseas markets – the Dow Jones ended at its 8th straight record high with gains in banks’ stocks.
DATA RELEASES THIS WEEK:
Monday:
NZD – Inflation Expectations q/q
Tuesday:
AUD – NAB Business Confidence
CHF – Unemployment Rate
Wednesday:
CNY – CPI y/y & PPI y/y
Thursday:
USD – Crude Oil Inventories
NZD – Official Cash Rate, RNBZ Rate Statement & RBNZ Press Confidence
GBP – Manufacturing Production m/m
USD – PPI m/m, Unemployment Claims
Friday:
USD – CPI m/m & Core CPI m/m
Andrew Law
General Manager
m: 0411 625 998