Earlier in the Day:
It’s was a relatively busy start to the Day on the economic calendar this morning. The Aussie Dollar was in action, with economic data from the China also in focus.
For the Aussie Dollar
In February, the Westpac Consumer Sentiment Index rose by 1.9% to 109.1. In January, the index had fallen by 4.5% to 107.0. Economists had forecast a 1.0% increase.
Sentiment remained strong in February, which is key to a more positive outlook on consumer spending.
According to the latest Westpac Report,
The upside in February came following January’s pullback from a 10-year high in December.
Looking at the sub-indexes:
It's a busy day on the economic calendar. While stats put the Dollar and the EUR in focus, expect news updates from Capitol Hill to also influence.
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Earlier in the Day:
It’s was a busier start to the day on the economic calendar this morning. The Aussie Dollar was in action in the early in the day, with economic data from China also in focus.
For the Aussie Dollar
In the 4
rd quarter. Economists had forecast a 0.7% rise.
The annual rate of inflation picked up from 0.7% to 0.9%. Economists had forecast the annual rate of inflation to hold steady at 0.7%.
According to the ABS,
An increase in tobacco excise and the introduction, continuation, and conclusion of a number of government schemes influenced.
In the 4
nd January.
A total of 74 stats were monitored, following 46 stats from the week prior.
Of the 74 stats, 37 came in ahead forecasts, with 31 economic indicators coming up short of forecasts. There were 6 stats that were in line with forecasts in the week.
Looking at the numbers, 37 of the stats reflected an upward trend from previous figures. Of the remaining 37 stats, 31 reflected a deterioration from previous.
For the Greenback, it was back into the red after two consecutive weekly gains, with the Dollar Spot Index falling by 0.59% to $90.238. In the previous week, the Dollar had risen 0.75% to 90.772.
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