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HISTORICAL DETAILS
% Change
1 Wk -0.14%
1 Month 0.87%
3 Months 2.70%
6 Months 7.66%
1 Year 22.17%
52 WEEK
High 1.1012
Low 0.8623
BLOOMBERG MEDIAN FORECASTS
Q2 2011 1.07
Q3 2011 1.06
Q4 2011 1.04
Q1 2012 1.03
DAILY DETAIL
The AUD has experienced a volatile time since the release of Friday’s US non-farm payroll report. Having ended Australian trade around the 1.0775 mark, the AUD slumped to a US session low of 1.0705 after a dismal jobs creation of only 18,000, compared to expectations of approximately 100,000. The initial reaction was for equity markets to sell off sharply, but a late session paring of losses saw the AUD also manage to claw its way back to close US trade at 1.0755. While it could be said that this was a reasonable display of resilience, the AUD has not been so fortunate in today’s Asian session. A weekend development of higher-than-expected inflation and weaker-than-anticipated import numbers out of China, in addition to negative sentiment from Australia’s carbon tax and potential Italian debt concerns, has seen investors lighten exposure to risk currencies, with the AUD falling below the 1.07 mark. With sentiment seemingly changing on a daily basis, the AUD seems set to continue its rollercoaster ride, with the start of the US Q2 earnings season tonight likely to be the key directional driver of the currency over the next 24 hours. The pair currently sits at 1.0715. Cameron Peacock, Australia
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