Currency Update: The weaker tone for the AUD was set yesterday morning when the construction activity for Q4 came in weaker than expected registering a decline...

Currency Update: The weaker tone for the AUD was set yesterday morning when the construction activity for Q4 came in weaker than expected registering a decline of 1%. The AUD was weaker as the dramatic events unfolding in the Ukraine pushed the USD higher and the EUR lower. Today at 11:30 AEDT we will see the capex figures for Q4 where the market is expecting a decline of 1.3% from the last quarter's figures. Overnight in the US new home sales for January were higher than expected rising 9.6% mom. The AUDNZD has again traded below 1.0800. Tonight we will see some Eurozone consumer confidence figures and the weekly jobless claims from the US. Today's Forecast Range USD: 0.8925 - 0.9025.