Tag Archives: AUD
Building Activity – June quarter 2013
* Total building activity fell by a marginal 0.2% over QII, to be 2.0% higher over the year.
Labour Force – September 2013
* Employment rose by 9.1k in September. Full-time jobs rose by 5.0k and part-time jobs by 4.1k.
Consumer Sentiment – October 2013
* Consumer sentiment fell by 2.1% in October to be 9.2% higher than a year ago. * Confidence is at an elevated level, but concerns remain around household finances.
FX Daily Strategist: US
Risks for further JPY upside ahead of October 17 Both JPY and CHF are under some pressure this morning while the higher-beta currencies (AUD, SEK and NOK)
G10 Macroprudentials and FX implications
For much of the past 3-4 years, our quarterly Currency Strategy has recommended small, fundamentally strong peripheral G10 currencies at the expense of their money-printing G4 counterparts.
Monthly Business Survey
Animal spirits lift again. Confidence surges toits highest level in 3½ years. Business conditions, however, still subdued – with employment poor.
The Week Ahead in FX
In the week ahead, investors will continued to closely monitor political developments in Washington.
Australian Markets Weekly
Interest rates: RBA cut still coming but delayed * The US fiscal debacle remains centre stage. For Australia, the likely effect on the economy will be negligible, assuming the political negotiations are not protracted.
Trade Balance – August 2013
* The August trade balance was weaker than expected, coming in at a deficit of $0.8bn (versus median forecast: $-0.4bn).
FX Daily Strategist: US
UK manufacturing PMI disappoints – scope for GBP to decline on further pull back in data UK PMI manufacturing printed below expectations at 56.7 vs 57.5 (prior: 57.2) this morning.
RBA leave Cash rate unchanged at 2.50% as widely expected
This morning the RBA decided to leave the Cash rate unchanged at 2.5% in line with expectations. The statement was almost identical with the one from the previous meeting in September.
Retail Trade – August
* Retail trade grew by a decent 0.4% in August, but stands at a lacklustre 2.3% higher through the year.