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AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie, Kiwi Traders Eyeing US Consumer Inflation Data

Add to Bookmarks Australian One Hundred Dollar Bills The Australian and New Zealand Dollars are edging lower on Tuesday as traders await the release of U.S. consumer inflation data that should impact U.S. Government bond yields. Investors are also reacting to China’s March exports report that missed expectations and the jump in China imports. Domestic data and a solid sale of new Aussie government bonds are also influencing the price action early in the session. At 08:09 GMT, the AUD/USD is trading .7611, down 0.0012 or -0.16% and the NZD/USD is at .7023, down 0.0006 or -0.09%. Advertisement Start Trading

NZIER s QSBO shows demand holding up – Quarterly Survey of Business Opinion, April 2021

13 April 2021 The latest NZIER  Quarterly Survey of Business Opinion (QSBO) shows a modest improvement in business confidence in the first quarter of 2021, while demand held steady. A net 11 percent of businesses expect a worsening in general economic conditions over the coming months, on a seasonally adjusted basis. This is a modest improvement from the 16 percent of businesses which were pessimistic about the economic outlook in the previous quarter. Meanwhile, firms’ own trading activity was unchanged from the previous quarter. This measure suggests annual GDP growth will track around 2 percent in the March 2021 quarter. QSBO is available to NZIER members, the media release can be read here.

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