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Westpac leading index stops its fall – TradeTheNews

FXStreet (Barcelona) - The TradeTheNews Research Team notes the Australian Westpac leading index stopping its fall for the first time in 4 months, and anticipate a growth rate in 2015.

Key Quotes

“In Australia, Westpac leading index stopped falling for the first time in 4 months. Resident economist stated Westpac expects Australia's growth rate in 2015 to reach an above trend 3.2% despite a larger drag from mining investment, adding the next RBA move would be a tightening considering "improving growth momentum in consumer spending, non-mining business investment, and the labour market."

“Upward trend in the greenback has been much more pronounced across the dollar majors. USD/JPY hit fresh 7-year highs above 117.40, while AUD/USD and NZD/USD both fell by as much as 60pips to $0.8660 and $0.7870 respectively going into Wednesday's release of the latest FOMC meeting minutes.”

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