Forex news for Asia trading Tuesday 12 April 2016
The (equal) strongest reading for NAB Australian business conditions data today puts further RBA rate cuts in doubt and provided an immediate boost to the Australian dollar, though it topped out around the overnight high for the session here. NZD/USD went along for the ride, with house price data released there today also providing a note of doubt for further central bank easing. AUD/USD continues to threaten higher.