Bell Potter

Bell FX: The AUD has opened back above USD0.9100 amid recent stronger data out of the US and China. US equity markets finished in the black, supported by yesterday's positive Chinese economic data. After Sunday's strong Export figures, the Chinese CPI yesterday showed a slowing to 3% in November from 3.2%, easing the markets fears that the PBoC would start tightening policy soon. Europe markets also gained despite some softer data Industrial Production data in Germany. The EUR briefly fell following the data but managed to claw back its losses to end the session higher at around 1.3740. The GBP was the surprise performer of the night however after the BoE Governor spoke in New York and said that recent economic news out of the UK has been positive. The GBP jumped to 1.6410 and finished the session slightly higher near 1.6425. Today's Forecast Range USD: 0.9160 - 0.9155


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