The AUD/USD opens at 0.9030 having lost ground yesterday after the Federal Reserves policy announcement was more hawkish than previous - 0.5% cash rate increase priced in by end of 2015. US Unemployment Claims were slightly better than expected, causing speculation that the next Non-Farm Payroll numbers may impress - Philly Fed Manufacturing also printed better than expected. Obama and Merkel both talk more sanctions for Russia - S&P revises Russia from stable to negative. NZ GDP came in on expectation yesterday - Q3 was revised lower, some upward revisions for further back, saw the NZD dip on the day. Stock markets currently: Dow Jones +0.53%, S&P +0.60%, FTSE -0.47%. The AUD opens the crosses - 0.6550 EUR, 0.5470 GBP, 92.50 JPY, 1.0590 NZD. A very light data day - CB Leading Index figures at 10.00am AEDT. Have a good weekend!
Posted on: Thu, 20 Mar 2014 20:12:01 +0000
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