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14 Apr 2015
AUD/USD higher on NAB business confidence figure – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team reviews the key developments in the Australian market – Data release and impact on AUD.
Key Quotes
“Australia posted better than expected NAB business confidence index for March. NAB economist forecasts another rate cut in coming months, most likely in May, but saying rate cut could be delayed if the recovery in non-mining becomes more entrenched. AUD/USD traded higher by over 20pips above 0.76 levels after NAB business confidence data.”
“Australia ANZ Roy Morgan Weekly Consumer Confidence Index: 109.8 v 109.7 prior”
“Australia Mar Nab Business Confidence: 3 V 0 Prior; Conditions: 6 V 2 prior”
Key Quotes
“Australia posted better than expected NAB business confidence index for March. NAB economist forecasts another rate cut in coming months, most likely in May, but saying rate cut could be delayed if the recovery in non-mining becomes more entrenched. AUD/USD traded higher by over 20pips above 0.76 levels after NAB business confidence data.”
“Australia ANZ Roy Morgan Weekly Consumer Confidence Index: 109.8 v 109.7 prior”
“Australia Mar Nab Business Confidence: 3 V 0 Prior; Conditions: 6 V 2 prior”