Australia New Motor Vehicle Sales (YoY) decreases to 9.4% in Feb from 10.9%
Mar 18, 2013
Forex: AUD/USD holding the fall above 1.0350
Aussie has dipped against USD today in early Asia-Pacific from previous Friday's weekly close above the 1.04 mark, last at 1.0354, off 1.0341 session lows, on the back of market fears from Cyprus bail-out news coming out of the EU. The pair is down -0.51% for the day so far, while local share markets are selling off on this new risk-off mode. Oil is down to fresh session/2-day lows around the $92 mark, while Gold spiked above the $1.6k figure, highest in last 3 weeks.
Forex Flash: Cyprus to trigger unintended consequences across Europe - Westpac
According to Westpac strategist Robert Rennie, the Cyprus bailout announcement and the possible consequences on bank depositors on the proposed tax "is likely to generate unintended consequences across Europe."