Currency Update: The AUD is currently trading around USD 0.9020 this morning after recording a high of USD 0.9064 yesterday

Bell Potter

Stockbroker

Currency Update: The AUD is currently trading around USD 0.9020 this morning after recording a high of USD 0.9064 yesterday. Over the weekend, we had the release of Chinese import and export figures which showed an unexpected trade deficit for February after exports fell 18.1%. This weighed on risk sentiment with Chinese stocks falling around 3%. On the domestic calendar today is the NAB business survey for February. Other significant events during our time-zone includes the Bank of Japan's latest decision which comes on the heels of a downward revision to Q4 GDP and record deficits. It's expecting the BoJ to remain on hold. Oil prices fell, while Gold was unchanged at USD1,339.9 per ounce. Offshore tonight EU Finance Ministers meet. German Trade is also due out, while in the UK we have Industrial production and in the US we have NFIB small business optimism survey.


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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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