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Aussie Resilient in Face of Dismal Job Data, Bitcoin Prepares to Conclude Consolidation

The forex markets are rather subdued in today's Asian session, with major currency pairs and crosses largely trading within yesterday's ranges. Australian Dollar strengthened slightly, ignoring significantly weaker-than-anticipated job data. Instead, it's lifted by rebound in Asian stock markets and stabilizing risk sentiment. However, the momentum behind Aussie's rebound appears weak and limited, suggesting it may be merely in consolidation before another selloff.

Currency Markets in Consolidations, Stocks Could be Stabilizing

The forex markets are still generally staying in consolidative mode today, showing minimal reaction to the latest economic data and comments from central bank officials. Commodity currencies, along with Swiss Franc, are displaying relative strength. Meanwhile, Euro, Dollar, and Yen are on the weaker side.

Profitability a key concern as business conditions dip

Consumer confidence took a hit in March, marking a 2.4% decline according to the Westpac-Melbourne Institute's Consumer Sentiment survey.

Australia business conditions steady in March, price pressures ease

Australian business conditions were little changed in March as sales and employment held steady in the face of decade-high interest rates, a survey showed on Tuesday, while price pressures eased... -April 08, 2024 at 09:30 pm EDT - MarketScreener

Australia Business Conditions Steady in March, Price Pressures Ease

Australian Business Confidence Remains Soft, NAB Says

By James Glynn SYDNEY--Australia business conditions remain positive despite a year of languishing confidence and wider evidence that consumer confidence remains deeply depressed. Business...

Kiwi Unfazed by Business Confidence Slide, Aussie Maintains Solid Ground

New Zealand Dollar traded broadly higher in Asian session, despite revelation of significant downturn in business confidence for Q1. Kiwi bears seemed to be lightening up their short positions in anticipation of RBNZ rate decision tomorrow, which is broadly expected to maintain interest rate at 5.50%. The market's recent aggressive speculation on an early rate cut by RBNZ is tempered by the likelihood that the central bank will resist such expectations. Any shift in stance is unlikely for tomorrow, and would be delayed until its next meeting in May, with a fresh set of economic projections as guidance.

Australia NAB business confidence rises to 1, cost pressures show slight relief

Australia NAB Business Confidence rose from 0 to 1 in March. Business Conditions fell from 10 to 9. Trading Conditions and employment conditions held steady at 15 and 6 respectively. But profitability conditions decline notably from 10 to 6.

Australia Business Conditions Edges Down, Confidence Rises - NAB

(RTTNews) - Australia's business conditions edged down one point in March, while confidence gained a point and cost pressures softened further, su...

FIVE at FIVE AU: ASX higher as mining shares lead the way