United Kingdom BRC Retail Sales Monitor - All (YoY) decreases to -2.2% in Apr from 1.9%
May 8, 2013
Forex: AUD/NZD shrugs off initial declines to finish slightly higher
The AUD/NZD finished the day up 28 pips at 1.2068. The pair at one point traded as low as 1.1954 (its lowest levels since early October 2009), but was able to shrug off early weakness and edge higher much of the European and US Session. The RBNZ Financial Stability Report was released earlier in the session at 21:00GMT but didn’t seem to have much influence on the pair which is currently flat at 1.0253.
AUD/JPY is last at 100.58, off recent session lows at 100.41, following some stops being tripped in USD/JPY, markets sources report: “USD/JPY just had a small dip lower to 98.64 as stop loss orders below 98.80 get triggered,” FXBriefs editor Peter Fell said, adding: “Sources says there are decent buy orders around 98.50 and similar size sell orders at 99.30.”