Free Trial

NAB Strong; AUD Still Negative


A strong NAB Business Conditions figure has helped bring AUD/USD off its lows, but the pair still in negative territory for the day. Last down 9 pips at 0.7615 after touching lows of 0.7604 before the data. March Business Conditions rose to 25 from 17 last month, hitting a record high, profitability rose 8 points also a record high while the employment index rose 7 points, to a record high. Business confidence did drop 3 points to 15.

  • The print comes even as official in Australia begin removing some of the fiscal support seen during the pandemic, suggests the underlying economy is healthy.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.