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7 May 2013

Australia AiG Performance of Construction Index falls to 35.2 in Apr from 39

May 7, 2013

Forex Flash: RBA will probably wait till capex before any rate cut - Westpac

A 50/50 pricing in financial markets ahead of the risk event RBA decision today "should ensure lively trade in AUD", says Sean Callow, FX strategist at Westpac.
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May 7, 2013

Forex: NZD/USD finishes lower as consolidation on daily chart continues

The NZD/USD closed the day down 20 pips at 0.8512. Earlier in the session, the NZD Labour Cost Index was released which came in at 1.8% actual vs. 1.9% estimated. Market participants will keep an eye the RBA Rate Decision due out later in the session at 4:30GMT which may have an effect on the pair. There will be a few economic releases out of New Zealand later in the week worth monitoring which include the RBNZ Financial Stability Report and Employment Change.
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