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NAB survey: Signs of easing in Australia's economic engine

Australian business conditions moderated in April, with all key indicators settling around their historical averages, according to the National Australia Bank's (NAB) Monthly Business Survey. ....

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Yen and Dollar Face Fresh Selling Pressure in Quiet Market

Yen and Dollar Face Fresh Selling Pressure in Quiet Market
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Aussie Resilient in Face of Dismal Job Data, Bitcoin Prepares to Conclude Consolidation

The forex markets are rather subdued in today's Asian session, with major currency pairs and crosses largely trading within yesterday's ranges. Australian Dollar strengthened slightly, ignoring significantly weaker-than-anticipated job data. Instead, it's lifted by rebound in Asian stock markets and stabilizing risk sentiment. However, the momentum behind Aussie's rebound appears weak and limited, suggesting it may be merely in consolidation before another selloff. ....

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Currency Markets in Consolidations, Stocks Could be Stabilizing

The forex markets are still generally staying in consolidative mode today, showing minimal reaction to the latest economic data and comments from central bank officials. Commodity currencies, along with Swiss Franc, are displaying relative strength. Meanwhile, Euro, Dollar, and Yen are on the weaker side. ....

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Profitability a key concern as business conditions dip

Consumer confidence took a hit in March, marking a 2.4% decline according to the Westpac-Melbourne Institute's Consumer Sentiment survey. ....

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