Australia’s Westpac Leading Index, Wage Price Index will decorate the economic calendar, risk news will keep the driver’s seat. AUD/USD awaits fresh direction near seven days’ low while taking rounds to 0.6690 at the start of Wednesday’s Asian session. Australia’s Westpac Leading Index (Feb) increased to 0.6% M/M versus last month’s (Jan data) 0.3%, which has also been retrospectively revised to 0.4%. This is the highest level since Nov 2012 GBP/AUD is the forex ticker that tells traders how many Australian Dollars are needed to buy a British Pound. The Pound is the fourth most traded currency in the world, with the Australian Dollar stage; and (2) the Westpac-MI Consumer Sentiment Index for March slumping from 95.5 to 91.9, to be at a five year low and the second lowest read since the Global Financial Crisis. Those forecasts signalled a technical recession but it is important to note that we argued that we expected the Virus
The Westpac Leading Index released by the Melbourne Institute tracks nine gauges of economic activity, including share prices and telephone installations, to provide an indication of how the economy will perform. It tends to have an impact on the AUD volatility. The Leading Index growth rate has deteriorated over the last six months from -0.16% in August to the current –0.46%.
The six month annualised growth rate in the Westpac- Melbourne Institute Leading Index (indicates the likely pace of economic activity relative to trend three to nine months into the future) fell • The six month annualised growth rate in the Westpac– Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the Australian Dollar US Dollar (AUD/USD) Exchange Rate Muted as Westpac Leading Index Remains Below Trend The Australian Dollar US Dollar (AUD/USD) exchange rate remains muted and the pairing is currently trading at an inter-bank rate of $0.7011. Australia’s Westpac Leading Index, Wage Price Index will decorate the economic calendar, risk news will keep the driver’s seat. AUD/USD awaits fresh direction near seven days’ low while taking rounds to 0.6690 at the start of Wednesday’s Asian session. Australia’s Westpac Leading Index (Feb) increased to 0.6% M/M versus last month’s (Jan data) 0.3%, which has also been retrospectively revised to 0.4%. This is the highest level since Nov 2012
AUD/USD slipped to 0.76608 after the release of the index, from 0.76767 before it. However, it had already fallen from 0.77570 in the preceding few hours against the US Dollar . The Westpac-Melbourne Institute Leading Index of Economic Activity combines a selection of economic variables that typically lead fluctuations in economic activity into a single measure that provides a reliable cyclical indicator for the Australian economy. The Westpac Leading Index released by the Melbourne Institute tracks nine gauges of economic activity, including share prices and telephone installations, to provide an indication of how the economy will perform. It tends to have an impact on the AUD volatility. The Leading Index growth rate has deteriorated over the last six months from -0.16% in August to the current –0.46%. The Westpac Leading Index released by the Melbourne Institute tracks nine gauges of economic activity, including share prices and telephone install June’s Leading Index from major lender Westpac fell by 0.14% on the month. That doesn’t sound too bad in itself, even if it is much worse than May’s 0.01% fall.
Latest AUD market news, analysis and Australian Dollar trading forecast from leading DailyFX experts and research team. We use a range of cookies to give you the best possible browsing experience. GBP/AUD is the forex ticker that tells traders how many Australian Dollars are needed to buy a British Pound. The Pound is the fourth most traded currency in the world, with the Australian Dollar Westpac-Melbourne Institute Leading Index The weighted average calculated by the combination of leading indicators to predict the state of the economy. Leading indicators include figures of production orders, applications for unemployment benefits, rates of money supply, average workweek, building permits, the price of the underlying stocks, orders for durable goods, consumer confidence index. AUD/USD is flat-lined in Asia with traders ignoring a clear signal by Westpac–Melbourne Institute Leading Index that Australian economic growth will likely remain below trend through the rest of 2019. The currency pair is currently trading at 0.6880, AUD/USD slipped to 0.76608 after the release of the index, from 0.76767 before it. However, it had already fallen from 0.77570 in the preceding few hours against the US Dollar.