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Aussie Retail Sales

The seasonally adjusted November Retail Sales figure for Australia came in flat at 0.0%, worse than the expected increase of 0.4% and the prior reading of 0.0%. The Aussie is hovering above its daily lows following the release.

AIG Perfromance of Construction Index

The Aussie AIG Performance of Construction Index for December once again came in at a very weak 41 with that portion of the economy continuing to contract, however the reading was better than the prior month at 39.6.

Aussie Trade Balance

The Aussie Trade Balance for November was reported as a surplus of 1.380B lower than the estimate of 1.650B (1.595B prior.) The Aussie was little changed following the release.

AIG Performance of Service Index

The AIG Performance of Services Index for December came in firmer than the prior reading at 49 (47.7 prior,) but still in a contracting state. The AUD had a muted reaction to the release, continuing to trade in the middle of the 1.03 handle.

AIG Performance of Manufacturing Index

The Australian AIG Perfromance of Manufacturing Index for December came in above the expansionary threshold at 50.2, also better than the prior months release of 47.8. The Aussie had a muted reaction to the release as it trades in the middle of 1.02 handle.

Aussie Westpac Leading Index

The October Westpac Leading Index came in better than the prior month at +0.1% vs. -0.3%. The market had no reaction coming into year-end in what appears to be a thinning market.

Aussie Conf Board Leading Index

The Australian Dollar has gained an extremely mild bid on the back of a better backdated October reading for the Conference Board Leading Index which came in at 0.6% vs. the prior release of .10%.

Aussie Employment Report

A poor Australian Employment report has sent risk and in particular the AUD to session lows as the consensus was missed and the rate rose 10 basis points, the reading was led lower by the decrease in Full Time Employment. The details of the release are as follows:

  • Employment Change – Survey:10K   Actual:-6.3K   Prior:10.1K
  • Unemployment Rate – Survey:5.2%   Actual:5.3%   Prior:5.2%
  • Full Time Change – Actual:-39.9K   Prior:20K
  • Part Time Change – Actual:33.6K   Prior:-9.9K
  • Participation Rate – Survey:65.6%   Actual:65.5%   Prior:65.6%

The AUD/USD is trading on the 21 hr moving average between the 50% and 61.8% retracements. of the late October to November move.

Aussie Weekly Wages

A back dated release for August Wages in Australia showed a higher increase than expected the market had no reaction to the release.

  • Average Weekly Wages (QoQ) – Survey:1.1%   Actual:1.2%   Prior:1.2%
  • Average Weekly Wages (YoY) – Survey:4.8%   Actual:5.3%   Prior:4.4%

RBA Meeting Minutes

RBA decided on ‘a modest easing’ of monetary policy after weighing slower inflation and increased global risks against surging mining investment. The RBA saw/added the following:

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