Forex news for Asia trading Thursday 5 May 2016
The AUD was an outperformer today, despite softness in iron ore and rebar in China today. It was helped along by some better data releases;, new home sales bouncing strongly after a decline last month, the monthly retail sales data beating expectations (while price stability perhaps holding back the quarterly result) and the trade deficit falling after exports surprised higher on the month. AUD/USD is stalling ahead of 0.7500 as I update, it’ll be a bit of a hurdle for it.