By way of Westpac on the Australian greenback:
- AUD/USD is exhibiting some tentative indicators of shaking off its lacklustre
value motion linked to iron ore costs hitting 22mth lows and rocky
world market circumstances. - However AUD should nonetheless navigate August China
exercise information this weekend. August China imports, PMIs and up to date credit score
tendencies, anecdotally, don’t auger nicely for the August information spherical.
That is proper of us – Chinese language August ‘exercise’ information is due on Saturday, September 14, 2024:
- at 0200 GMT, which is 2200 on Friday night US Jap time
All three of those 3 key indicators:
- retail gross sales, industrial output, funding
are anticipated to come back in at decrease charges of progress than they did in July.
