New Zealand ANZ Commodity Price improves to 7.4% in Mar from 1.1%
Apr 2, 2013
Forex: AUD/USD visits 1.0450 ahead of RBA
AUD/USD continues to show a steady bid tone to the point of now breaking through 1.0450 ahead of the RBA rate decision. The exchange rate is approaching its first real test for buyers at 1.0465/75, where supply produced on March 27 will be encountered ahead of 1.05 round number.
Commodities Brief: Almost everything lower but Gold
Weak day for commodities overall Monday but Gold, that trades above the $1.6k last, despite the fact USD is also down across the board. Iron ore has also recovered from late March lows by the 38.2% Fibo retrace of 88/160 daily up leg at around $133 mark, last slightly above $138, dragging Aussie also higher ahead of RBA meeting in few minutes from now. US SP500 index also showed weakness closing at -0.45%, while US 10 year note yields kept pressing the 1.83% level on some risk-off move across the markets.