Aussie little changed with no data releases

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Thursday, Feb 11 2016

There were no data releases from Australia this morning. Markets in mainland China and Taiwan remain closed for the rest of the week for the Lunar New Year holidays, while Japan resumes Friday. An update on Malaysian factory output is due Thursday and the Philippines reviews benchmark rates.

Only secondary data are released today, with Australian consumer inflation expectations data showing 3.6% increase. Westpac senior currency strategist Sean Callow says the dollar is rising on the back of European stock rises and as the greenback slumps US Federal Reserve chair Janet Yellen’s push back on talks of rate rises.

Aussie is currently being traded around 0.7090 area. Pair is likely to find support around 0.7040 handle and resistance above 0.7130 level. Later today, in the US session, Unemployment Claims figures are scheduled for a release.

More in this category: « Yellen expects to raise interest rates gradually UK demand for housing remains buoyant »

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