United Kingdom Jan BRC Shop Price Index (MoM) increase to 1.4% vs 1.1%
Apr 3, 2013
Forex: AUD/USD back to pre-RBA levels above 1.0450
AUD/USD is last at 1.0453, off recent session lows at 1.0440, and retracing from yesterday's weekly highs at 1.0480 following RBA keeping interest rates on hold. The pair is up +0.28% since previous Asia-Pacific open yesterday and about the same for the week, being third strongest currency among majors behind Yen and Kiwi. Key risk event for Aussie will come at 00:30 GMT in the form of Aus trade balance.
Combined Kiwi strength, as second strongest currency among majors for last 2 trading days only behind Yen, and Pound weakness, the weakest in same period, has brought the cross GBP/NZD to yet another record 20 year low at recent 1.7918, 30 pips below those previous lows back in late February.