Market News

Australia Private Sector Credit (YoY): 7.8% (February) vs 7.7%

Australia Private Sector Credit (MoM) meets expectations (0.6%) in February

The Reserve Bank of Australia (RBA) published the Minutes of its March monetary policy meeting this Tuesday, which showed that board members agreed that further tightening would likely be needed.

AUD/USD halts its five-day losing streak, trading around 0.6860 during the Asian hours on Tuesday. The pair advances as the Australian Dollar (AUD) receives support after the Reserve Bank of Australia released its March Meeting Minutes.

The USD/JPY pair builds on the previous day's late rebound from the 159.35-159.30 area and gains some positive traction during the Asian session on Tuesday.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.9194 compared to the previous day's fix of 6.9223 and 6.9209 Reuters estimate.

New Zealand ANZ Business Confidence fell from previous 59.2 to 32.5 in March

Japan Retail Trade s.a (MoM) declined to -2% in February from previous 4.1%

Japan Industrial Production (MoM) meets forecasts (-2.1%) in February

Japan Industrial Production (YoY) down to 0.3% in February from previous 0.7%

Japan Retail Trade (YoY) came in at -0.2% below forecasts (0.8%) in February

Japan Unemployment Rate came in at 2.6%, below expectations (2.7%) in February