AUD/USD crește din cauza cheltuielilor de capital puternice

The Australian dollar has rebounded on Thursday, after a 2-day slide in which AUD/USD lost 100 points. In European trade, AUD/USD is trading at 0.6830, up 0.37%. On Wednesday, the Australian dollar fell to 0.6794, its lowest level since Jan. 6.

Australian Capex rebounds in Q4

Australia’s private capital expenditure jumped 2.2% q/q in Q4 2022, rebounding from 0.6% in Q3 and above the estimate of 1.3%. Building capex sparkled with a 3.6% gain, after declining by 1.6% in the third quarter. The strong numbers have pushed the Aussie higher on Thursday.

The capex release comes on the heels of wage growth, which slowed to 0.8% q/q in Q4 2022. This was lower than the 1.1% gain and the estimate of 1.0%. On an annualized basis, wage growth edged up to 3.3%, up from 3.2% but lower than the estimate of 3.5%. The RBA is keeping a close eye on wage growth, concerned that stubbornly high inflation could trigger a price-wage spiral that would entrench inflation expectations and complicate efforts to curb inflation.

FOMC minutes signal more rate hikes

The FOMC minutes reiterated what we’ve been hearing from Powell & Co. for months. FOMC members said there were signs that inflation was heading lower but more rate hikes were needed to bring inflation back to the 2% target. The minutes noted that the labour market remains robust, which is contributing to continuing upward pressures on wages and prices.” It should be noted that the minutes are somewhat stale, given the blowout employment report and the jump in retail sales which were released after the February meeting. These releases point to a surprisingly resilient US economy and could mean that members will become even more hawkish.

An important takeaway is that although the vote to hike by 0.25% was unanimous, two members (Bullard and Mester) saw a case for a 0.50% increase. The markets widely expect another 0.25% hike in March, but the host of unexpectedly strong releases in recent weeks has raised the likelihood of a 0.50% move. We can expect market pricing to continue to shift as the US releases key data in the coming weeks ahead of the Mar. 22 meeting.

.

AUD / USD Tehnic

• AUD/USD are suport la 0.6784 și 0.6690
• Există rezistență la 0.6907 și 0.7001

Acest articol are doar scop informativ. Nu este sfat de investiții sau o soluție pentru a cumpăra sau vinde titluri de valoare. Opiniile sunt autorii; nu neapărat cea a OANDA Corporation sau a oricăreia dintre filialele, filialele, ofițerii sau directorii săi. Tranzacționarea cu levier este cu risc ridicat și nu este potrivită pentru toți. Ați putea pierde toate fondurile depuse.

Analist al pieței financiare cu o mare experiență, cu accent pe analiza fundamentală, comentariul zilnic al lui Kenneth Fisher acoperă o gamă largă de piețe, inclusiv valutare, acțiuni și mărfuri. Lucrările sale au fost publicate în mai multe publicații financiare majore online, inclusiv Investing.com, Seeking Alpha și FXStreet. Cu sediul în Israel, Kenny a contribuit cu MarketPulse din 2012.

Ultimele mesaje ale lui Kenny Fisher (vezi toate)

• Distribuție de conținut bazat pe SEO și PR. Amplifică-te astăzi.
• Platoblockchain. Web3 Metaverse Intelligence. Cunoștințe amplificate. Accesați Aici.
• Sursa: https://www.marketpulse.com/20230223/aud-usd-rises-on-strong-capital-spending/