Australia: AiG Performance of Construction Index (Feb): 45.6 vs 36.2
Mar 7, 2013
Forex: EUR/USD falls to 2013 lows and opens the door to further loses
After consolidating loses between 1.2980 and 1.2995, the EUR/USD has finally broken previous lows to trade at 1.2960, minimums since December 11. Below the 1.3000 level, the pair has opened the bearish momentum and the 1.2900 level is also vital to contain, or not, bears.
AUD/USD managed yesterday in late Asia-Pacific print fresh weekly highs around the 1.0300 round, but found solid selling interest as reported earlier at that level, coincident with a key technical level as previous Feb 28 high and 38.2% Fibo retrace of latest daily down leg, retracing ever since to last 1.0238, near session lows. The pair is still +0.33% higher for the week, ahead of Aus trade balance data at 00:30 GMT. AIG construction index just released shows best result since mid 2010.