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Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / Aussee won gravitation. Overview on March 4, 2016
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Aussee won gravitation. Overview on March 4, 2016

On Friday, pair AUD/USD is trading with significant increase after news from the China and publication of inner statistic.

The Australian dollar feels great on a Friday afternoon. The current quote in the AUD / USD - 0,7371. Ausse becoming expensive sixth session in a row, and for the last two days - with good volumes.

Today an interesting for us statistic on Australia was published. January retail sales have gained 0.3% m / m and forecasts assumed growth of 0.4% m / m. However, figure looks stable and positive and able to give impulse to the Australian economy to grow. Probably, seasonal factors have influenced, because home goods had increased demand. At the same time, sales in supermarkets decreased. Balanced labor market supports the retail sales sector has in the country, it is difficult to argue with.

China continues to intervene. On Friday morning, the NSC has poured 50 billion Yuan more in the country's financial system; the mechanism remains the same as before - reverse REPO for a period of 7 days. Central Bank of China carries out this operation not for the first time and over the past three months it was repeated at least five times.

Additional stimulation of China's financial system and reducing of the requirements for reserve requirements for banks to create more soft conditions in the economy, and sooner or later this will work restart the economy. For Australia, this is important: China has been and remains a key economic and trade partner of the country.

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