Aussie Dollar Gains for Fifth Consecutive Day

AUD

Aussie Dollar opens up against most of the majors on the back of the release of positive private capital expenditure data for the third quarter by the Australian Bureau of Statistics. The data showed a strong 6.4% QoQ increase, far exceeding expectations of 0.6%, which makes it the strongest quarterly growth in the last 10 years. Asian equities ended the day mostly stronger, Nikkei +1.2%, Hang Seng +0.1%, and Shenzhen flat. Locally the ASX 200 closed +0.1%, as info tech dominated +2%. Some minor data for the Aussie this morning with Private Sector Credit m/m and then no major data until next Wednesday with GDP q/q to be released. Looking to Asia, on Sunday China is set to release Manufacturing and Non-Manufacturing PMI data.
 

USD

AUDUSD opens up this morning for the fifth consecutive day at 0.6532 on the back of widespread lack of direction in the global markets, all in response to the US Thanksgiving Day holiday. A quiet session on Wall Street overnight with the US on holiday.  Equity and bond markets were closed, while Brent Crude was slightly higher at $63.40 a barrel.  Looking ahead to next week, the economic calendar looks a bit busier. On Tuesday we have ISM Manufacturing PMI & ISM Manufacturing Prices, Thursday we have ADP Non-Farm Employment Change & ISM Services PMI and Friday will have the all-important Unemployment Claims figures.
 

EUR

AUDEUR opens up at 0.5627 this morning, trading in a range of 0.5637/5627. Another quiet day out of the Eurozone with the Dax closing at +0.2% while the CAC closed flat at 0.0%. Later this evening will see German, French and Spanish economic data releasing, which will be a mix of CPI, Retail Sales and GDP data. Looking to next week the headline will be the Eurozone CPI Flash Estimate y/y and Unemployment Rate on Thursday.
 

GBP

AUDGBP opens slightly up at 0.4936. No movement on the FTSE closing at 0.0%. Another quiet week ahead for the sterling heading closer to the holiday period, Final Manufacturing PMI on Monday and Final Services PMI on Wednesday.
 

NZD

AUDNZD kicks the trend and opens down at 1.1408, buoyed by shifting market views that monetary policy easing cycles in both countries are over, or close to an end. Nothing major on the horizon data wise for the Kiwis.