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AUD/USD – Slide Continues as Aussie Consumer Confidence Plummets

Posted by Kenny Fisher at 7:56 am EDT, 05/22/2013

The Australian dollar continues to fall, as the pair fell  below the 0.98 line in Wednesday’s Asian session. AUD/USD continues to struggle, and has dropped into the mid-0.97 range. The Aussie took a hit as Australian Consumer Sentiment posted another sharp decline. In the US, all eyes will be fixed on the Federal Reserve, as Bernard Bernanke testifies before a Congressional Committee and the Fed releases the minutes of its previous policy meeting. The US will release Existing Home Sales later in the [...] read more

Filed under: Market Pulse, USD, AUD
AUD/USD :

AU AUD/USD : Based on daily OANDA Rates®, the touchstone foreign exchange rates used by corporations, tax authorities, auditing firms, and financial institutions. These filtered rates are based on information supplied by leading market data contributors.

Central Bank Watch »

AUD/USD – RBA Meeting Minutes Suggest Narrower Scope For Cut

Posted by Mingze Wu 11:38 pm EDT, 05/20/2013

In the latest meeting minutes, RBA members appeared to be much more dovish than before. The previous bullish bravado about China has gone into hiding, being replaced by cautious mentions of weakening consumption and slower economic growth. US fared slightly better, with private investments “more than offset” the cut in public spending due to the sequesters. Nonetheless, RBA concede that current growth in US is not enough to improve employment growth significantly. On Europe, RBA believes that some countries would [...] read more

Filed under: USD, AUD

Economic Exposure »

AUD/USD – Subpar Consumer Confidence pushing price lower

Posted by Mingze Wu 2:54 am EDT, 05/22/2013

The Australia Westpac Consumer Confidence Index fell 7%, the largest M/M fall since Dec 2011 as the index broke the 100.0 par level, indicating that most Australians surveyed were pessimistic about the economy. Chief economist Bill Evans believe that the decline is partly due to concerns over the recently announced budget. Readings was 1.8% higher in the post-budget period vs the pre-budget period due to bearish sentiment that were perpetuated via the media before the announcement. Once the budget was [...] read more

Filed under: USD, AUD

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May
22
Today’s Global
Market Events
Tentative
JPY
BOJ Press Conference
4:00am
EUR
Current Account
(F)14.2B (P)16.3B
4:30am
GBP
MPC Meeting Minutes
(F)0-0-9 (P)0-0-9
GBP
Retail Sales m/m
(F)0% (P)-0.7%
GBP
Public Sector Net Borrowing
(F)7.6B (P)16.7B
EUR
German 10-y Bond Auction
(F)N/A (P)1.28/1.6
All Day
EUR
EU Economic Summit
6:00am
CHF
SNB Chairman Jordan Speaks
GBP
CBI Industrial Order Expectations
(F)-18 (P)-25
7:00am
GBP
MPC Member Bean Speaks
8:30am
CAD
Core Retail Sales m/m
(F)0.2% (P)0.7%
CAD
Retail Sales m/m
(F)0.2% (P)0.8%
10:00am
USD
Existing Home Sales
(F)4.99M (P)4.92M
USD
Fed Chairman Bernanke Testifies
USD
Treasury Sec Lew Speaks
10:30am
USD
Crude Oil Inventories
(F)-0.4M (P)-0.6M
2:00pm
USD
FOMC Meeting Minutes
9:00pm
AUD
MI Inflation Expectations
(F)N/A (P)2.2%
9:45pm
CNY
HSBC Flash Manufacturing PMI
(F)50.5 (P)50.4