Aussie had a stronger day against most of the majors (the NZD being the exception, where it was close to flat), trading in a $0.8885 to $0.8926 range vs. the USD. It sits near the highs as we head into the early hours of Europe, after starting the day weak after the slightly weaker than expected Chinese Manufacturing PMI for Dec (released on New Year’s Day). Talk of persistent corporate demand throughout the day with stops noted around $0.8950/60 so far untested this session. Today’s AIG Performance ofManufacturing Index for Dec showed a sub-50 reading for the second straight month, whilst the RPData/Rismark House Price data confirmed 2013 as a stellar year for house prices. Neither data moved markets.
