AUD/JPY Clings to 77.40 Amid Mixed Retail Sales/Trade Balance Data From Australia

Tuesday, 7 May 2019 09:08 WIB

AussieDollar Australia,AUD/JPY


The AUD/JPY pair trades near 77.40 after the Australian Bureau of Statistics released March month retail sales and trade balance data on early Tuesday.

The headline seasonally adjusted retail sales grew 0.3% versus 0.2% forecast and 0.8% prior while trade balance surplus also beat estimates of 4.3 billion with AUD 4,949 million mark.

Details suggest that exports shrank -2.0% compared to 0.0% earlier release whereas imports also shrank -2.0% against the -1.0% previous readout.

During early Tuesday, the US lawmakers including Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin supported the US President Donald Trump’s threat to levy fresh tariffs on China. However, the same could be avoided if both sides seal the deal by Friday during the Chinese delegates’ two-day visit to Washington starting from Thursday.

Risk tone remained heavy since morning as the US-Iran political play joins the pessimism surrounding the US-China trade deal. The global barometer for the risk sentiment, 10-year treasury yield from the US, dropped nearly 2.5 basis points to 2.475% during early Tuesday.

Next up in the traders’ radar will be the monetary policy decision by the Reserve Bank of Australia (RBA). The Aussie central bank is more likely to announce a 25 basis points (bps) cut to its benchmark cash rate considering the latest downbeat data. However, a mixed signal from the employment sector continues to raise questions on the RBA’s move.

Source : FX Street


  • The dollar is back in demand Monday as hopes of an early end to the shutdown which has paralysed the U.S. economy were dashed over the weekend, prompting some traders to head back to the greenback saf...



Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.