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AUDUSD trades virtually unchanged in.........>

AUSSIE
AUSSIE: AUDUSD trades virtually unchanged in Asia-Pacific dealing, last at
0.7675 after printing fresh YtD lows of 0.7643 on Thursday. Upside interest
through the figure comes in the form of the congestion area from Mar 23-27 at
0.7735 in front of Tuesday's 0.7758 highs. To the downside the aforementioned
YtD low provides the first point of interest in front of $0.7628/26,
representing the Dec 14 low and 1.0% envelope 10-DMA respectively.
- Focus moves onto next week's docket, with event risk apparent over the weekend
in the form of China's official manufacturing & non-manufacturing PMI releases,
slated for Saturday (the Caixin counterparts are due next week).
- On the domestic front, Tuesday's RBA decision headlines, with trade data &
retail sales also due throughout the week.
- The RBA is expected to stand pat next week, & CBA note that "the RBA's take on
the future trajectory for wages growth and labour market conditions are the key
factors for markets and analysts to eyeball as harbingers of the outlook for
inflation and policy settings. Wages data shows still feeble growth, especially
in the private sector where the large bulk of workers earn their living."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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