Welcome to our daily market update, where we help keep you informed on the latest happenings in the world of FX.
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MACRO REPORT
The Aussie dollar lost momentum against the USD after hitting a five-month high of 0.7019 yesterday to retreat below the 70 cents figure on cautious market mood ahead of key China data set to be released today. At the time of writing, the AUD/USD pair is trading at 0.6963. It is also worth noting that the market’s revaluation of the Fed’s policy path ahead may have underpinned the Aussies’ bearish movements. However, such market movements were constrained yesterday due to Martin Luther King Jr. Day.
KEY DATA TO WATCH
| China | – | Fixed Asset Investment (YoY) (Dec) |
| GDP (Q4) | ||
| Chinese GDP YTD (YoY) (Q4) | ||
| Industrial Production (YoY) (Dec) | ||
| Chinese Industrial Production YTD (YoY) (Dec) | ||
| Chinese Unemployment Rate | ||
| United Kingdom | – | Average Earnings Index +Bonus (Nov) |
| Claimant Count Change (Dec) | ||
| Employment Change 3M/3M (MoM) (Nov) | ||
| Unemployment Rate (Nov) | ||
| United States | – | NY Empire State Manufacturing Index (Jan) |