6 Feb 2014
Flash: Aussie data sends AUD higher - Rabobank
FXStreet (Guatemala) - The AUD has been the top performer on the Asian session on the back of data that took markets by some surprise.
“Today’s key Aussie data saw a trade surplus of A$468M vs. expectations of a deficit of A$200M, and upward revisions to November from the red into the black too”.
“Retail sales were in line at 0.5% MoM, but inflation-adjusted Q4 figures were slightly weaker at 0.9%, suggesting it was prices rising not just volumes. NAB confidence picked up from a revised +5 to +8. That all sent AUD up to 89.70, while 10-year Aussies rose to 4.08%”.
“Today’s key Aussie data saw a trade surplus of A$468M vs. expectations of a deficit of A$200M, and upward revisions to November from the red into the black too”.
“Retail sales were in line at 0.5% MoM, but inflation-adjusted Q4 figures were slightly weaker at 0.9%, suggesting it was prices rising not just volumes. NAB confidence picked up from a revised +5 to +8. That all sent AUD up to 89.70, while 10-year Aussies rose to 4.08%”.