Aussie softens as China production slows

Output at 17-year low China’s industrial output rose 5.3% y/y in January, the weakest expansion in 17 years, according to data released this morning. The increase was below economists’ expectations of +5.5% and lower than…

Aussie tumbles on GDP miss

Join #OANDABrexitChat on Twitter March 11th at 11:00 am EST / 3:00 pm GMT with OANDA Senior Market Analyst, Craig Erlam. And share with us your Brexit questions on Twitter using #OANDABrexitChat. AUD/USD at two-month…

Aussie rebounds on Caixin PMI

Manufacturing PMI rebounds first time in three months The Caixin China manufacturing PMI reading for February rebounded strongly from January’s steep decline, surging to 49.9 after January’s dip to 48.3. Estimates had suggested only a…

Aussie trips up as China PMIs weaken

Manufacturing PMI at 3-year low More signs of how the Chinese economy is facing headwinds was evidenced by a further weakening in China’s PMI readings in February. The manufacturing PMI slid to 49.2, the lowest…

Aussie retreats as construction falters

Construction contracts Construction work done in Australia in the fourth quarter contracted for a second straight quarter, which could be a potential drag on economic growth. Construction work declined 3.1% in Q4, compounding the -2.8%…

Aussie dollar drops on coal ban

Thursday February 21: Five things the markets are talking about Euro equities are struggling for direction, unlike most of its Asian counterparts in the overnight session. The ‘big’ dollar has edged a tad higher after…

Aussie surges on strong jobs report

AUD/USD spikes to two-week high Australia added the most full-time jobs since June 2017 last month, today’s employment report showed. The loss of 26.3k part-time resulted in a net gain of 39.1k jobs, building on…

Aussie, Kiwi lower on soft data

The lands down under both suffered a sell-off of their currencies in early Asia trading this morning, as economic data failed to impress. Kiwi hit on jobs data NZD/USD slumped to near two-week lows after…