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JPY Daily News
Aussie Trading Lower as Housing Data Comes Into View
The Australian dollar (AUD) was trading mostly weaker versus its currency counterparts yesterday after data releases have begun to shift traders back into safety. The Aussie has been losing momentum these past few weeks as risk aversion becomes predominant in the global market. Fears emanating from the recent downgrade of US debt have made the forex market jittery so far this week, leading many to seek safety.
This movement has gouged the AUD against all of its currency rivals, especially against safe-havens like the Swiss franc (CHF) and Japanese yen (JPY). With further housing reports getting released this morning, forex traders are highly likely to see heavy movement by the Aussie in today's trading hours. News out of China today is also expected to hike volatility throughout the Pacific countries of Japan, New Zealand and Australia. Pacific traders should be cautious in today's trading.
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 08/09 | ||||||||
| 06:00 | JPY |  Household Confidence | 35.3 | 37.6 | 37.0 |  | ||
| 07:00 | JPY | Prelim Machine Tool Orders | y/y | 53.5% | * | 34.6% |  | |
| 00:50 | JPY | Tertiary Industry Activity Index | m/m | 0.9% | 1.1% | 1.9% |  | |
| 00:50 | JPY | CGPI | y/y | 2.5% | 2.6% | 2.9% | | |
