The Aussie is consolidating gains above 0.7600 respectively..
Prior chart:
Latest Analysis:
The Aussie is consolidating gains above 0.7600 respectively vs its US counterpart, with the former gleaning momentum from a record recovery in NZ Q3 growth and Finance Minister Robertson’s assertion that Nzd strength is not too discomforting, while the latter has derived impetus from a robust labour report prompting Treasurer Frydenberg to hail the strength of the economic rebound and improvement in bottom line. However, trade data may provide a test of the resilience of AU’s export sector in light of the Aussies’s ramp up from sub-0.7600 since early November to circa 0.7170 at one stage.
Latest Analysis:
The Aussie is consolidating gains above 0.7600 respectively vs its US counterpart, with the former gleaning momentum from a record recovery in NZ Q3 growth and Finance Minister Robertson’s assertion that Nzd strength is not too discomforting, while the latter has derived impetus from a robust labour report prompting Treasurer Frydenberg to hail the strength of the economic rebound and improvement in bottom line. However, trade data may provide a test of the resilience of AU’s export sector in light of the Aussies’s ramp up from sub-0.7600 since early November to circa 0.7170 at one stage.
