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JPY Daily News
Aussie Trading Hesitantly on Possible China, NZ Rate Hikes
The Australian dollar (AUD) was seen trading hesitantly versus most other currencies yesterday after news began to shift many traders back into risk averse assets. The Aussie has been a top performer these past several months considering many traders bank on a strengthening of the AUD due to a rise in Chinese demand for Australian raw materials.
However, yesterday's news appears to have moved many investors towards safe-haven assets, which tends to result in a weaker Aussie. The steady, and dovish, monetary policy of the Reserve Bank of Australia (RBA) served the Aussie with little support in this week's market as most participants await news from China and New Zealand to determine the direction of the AUD relative to its Pacific neighbors. It appears any negative news in Australia, or a rate hike by either China or New Zealand, will push the Aussie into a tailspin as risk aversion takes hold.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 07/06 | ||||||||
| 06:00 | JPY |  Leading Indicators | 96.2% | 99.9% | 99.8% |  | ||
| 00:50 | JPY | Core Machinery Orders | m/m | -3.3% | 3.1% | 3.0% |  | |
