Forex - IMM Commitment of Traders Reports w/e Mar 12


 19:21 (GMT) 15 Mar

  [Forex Flows]

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IMM Commitment of Traders Reports w/e Mar 12 (0101-JTCF-C01)
IMM Commitment of Traders Reports w/e Mar 12 (0101-JTCF-C02)
IMM Commitment of Traders Reports w/e Mar 12 (0101-JTCF-C03)
IMM Commitment of Traders Reports w/e Mar 12 (0101-JTCF-C04)
IMM Commitment of Traders Reports w/e Mar 12 (0101-JTCF-C05)
IMM Commitment of Traders Reports w/e Mar 12 (0101-JTCF-C06)
IMM Commitment of Traders Reports w/e Mar 12 (0101-JTCF-C07)
IMM Commitment of Traders Reports w/e Mar 12 (0101-JTCF-C08)
IMM Commitment of Traders Reports w/e Mar 12 (0101-JTCF-C09)
IMM Commitment of Traders Reports w/e Mar 12 (0101-JTCF-C10)
IMM Commitment of Traders Reports w/e Mar 12 (0101-JTCF-C11)

Forex - AUD/USD, AUD/NZD Flows: Weaker consumer confidence weigh on the AUD


 23:43 (GMT) 12 Mar

 [Forex Flows]

AUD had a larger than usual reaction on the consumer confidence data given the increased market focus on the weak run of domestic data (poor 4Q GDP etc. and weak business sentiment released on Tues). The consumer confidence index fell to the lowest since Sep 2017, fuelling worries over household spending (a key area of concern for the RBA) which might have felt the bite from weaker housing market. The index fell 4.8%m/m in March from an increase of 4.3%m/m in February.
AUD/USD fell 15 pips, not a big move but more notable than usual. AUD/NZD extended losses to below 1.03 before buyers step in, helping the AUD/USD prevent further losses beyond Tuesday's low.
Further selling on the data is unlikely (until a clearer trend establishes on consumer confidence or impact on household spending becomes more pronounced) and focus for the AUD will be back on the global growth picture and risk sentiment.


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