{"id":89169,"date":"2016-05-05T06:13:38","date_gmt":"2016-05-05T10:13:38","guid":{"rendered":"http:\/\/countingpips.com\/?p=89169"},"modified":"2016-05-05T06:13:38","modified_gmt":"2016-05-05T10:13:38","slug":"australian-dollar-bounces-off-post-rba-lows-on-solid-retail-sales-trade-and-housing-numbers","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/australian-dollar-bounces-off-post-rba-lows-on-solid-retail-sales-trade-and-housing-numbers\/","title":{"rendered":"Australian dollar bounces off post-RBA lows on solid retail sales, trade and housing numbers"},"content":{"rendered":"
May 5, 2016<\/div>
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Article by ForexTime<\/a><\/p>\n

The Australian dollar made a comeback this morning, bouncing off a 7-week low against the US dollar following the release of some upbeat Australian data.<\/p>\n

A string of data released this morning has helped the Australian dollar gain. A report from the Housing Industry Association showed new homes sales rose 8.9 per cent month-on-month in March from February\u2019s 5.3 per cent drop. The series can be volatile, though.<\/p>\n

Better, though, was the improvement in retail sales, which rose 0.4 per cent month-on-month in March. That was up from revised growth of 0.1 per cent in February (previously zero) and slightly ahead of expectations for 0.3 per cent.<\/p>\n

Australia\u2019s trade deficit also moderated to -A$2.163bn in March from -A$3.044bn (revised from -A$3.41bn), and better than expectations for a deficit of -A$2.9bn.<\/p>\n

Today\u2019s solid data could bode well for economic growth during the first three months of this year. Australian economic growth data for the March quarter are due on June 1.<\/p>

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AUDUSD was up 0.5 per cent at $0.7491 this morning. Yesterday\u2019s low was $0.7445, the lowest since March 16. Earlier this week, on Tuesday, the aussie tumbled 2.4 per cent which was the currency\u2019s biggest one-day plunge since November 2011. The reason was the news that the Reserve Bank of Australia cut interest rates to a record low 1.75 per cent.<\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime The Australian dollar made a comeback this morning, bouncing off a 7-week low against the US dollar following the release of some upbeat Australian data. A string of data released this morning has helped the Australian dollar gain. A report from the Housing Industry Association showed new homes sales rose 8.9 per […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-89169","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=89169"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89169\/revisions"}],"predecessor-version":[{"id":89189,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89169\/revisions\/89189"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=89169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=89169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=89169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}