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Australian Dollar Hit, December Retail Sales Data is Bad

fxbom.com
02:04 PM

In today’s trading the Australian dollar exchange rate seems to have decreased significantly. Aussie weakened after retail sales data in the month of December has decreased the unexpected. Sluggish retail sales figures which resulted in increasingly strong possibility that the central bank will lower Australia or RBA rate cut at tomorrow’s meeting.

December retail sales in Australia fell by 0.1% compared to November period. Retail sales figure is an unexpected decline. Previous estimates that it expects retail sales to increase by 0.2%. This condition is enough to make the Australian dollar experienced selling pressure.

Australian Dollar Moving Retreat, Correction Fair After Reaches Highest Level in 6 Months

fxbom.com
10:57 AM

In trading this morning the Australian dollar exchange rate seems likely to move retreat. Aussie eroded after briefly reaching the highest position in six months. Retreat that occurred this morning tend to be technical and quite reasonable because the currency has been strengthened quite sharply.

Although moving the correction, the trend is bullish the Australian dollar against the U.S. dollar is still quite intact. Aussie currently not logged into the overbought area that breaks down the Australian dollar is not expected to last too then.

Australian Dollar Moving Cheers; The Swelling Trade Surplus

fxbom.com
10:30 AM

Although the release of data from Australia tend to vary, but the impetus gained from Asian stock markets provide an opportunity for the Australian dollar to continue the improvement (2.2). Data is growing healthy trade balance surplus. While housing permits fell in the month of December.

Data surplus trade balance for December recorded an increase until it reaches the level of 1.71 billion dollars. The surplus rose compared to a surplus in the previous November, is also greater than the estimate.

Euro ‘Growing’ Positive For 2 Days Respectively

fxbom.com
10:31 AM

In today’s trading the euro exchange rate seems to have a healthy rise against the U.S. dollar. The euro moved up to two days in a row in the middle of the return of confidence in the improving global economic conditions, including the euro area. Release the global manufacturing sector activity data yesterday showed a fairly uniform growth, including in Germany.

U.S. manufacturing sector experienced the fastest growth to the level in seven months. While China’s manufacturing data is also recorded strong. Germany experienced its first growth in the manufacturing sector after four months of contraction.

Euro Weakens three consecutive days, Pressure Potential Still Strong

fxbom.com
02:05 PM

In forex trading the Asian session this afternoon, the euro is generally observed to move lower against several other major currencies, after the last 3 days also fell in a row.

In the Euro value of the index chart runs observed in the range of 102.27, and has weakened thin around – 0.02% from opening price today (00:00 GMT). Developments that are still disappointing in the EU economy lately suppressing the Euro rally.

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