We’ve had some positive data for the Aussie today, enough to see further buying after the extended rise since Monday’s opening.
- Consumer Confidence Index first move higher in 5 months
- Australian housing finance date for February showed home loans +2.3% m/m, more evidence for a continued housing rebound
- We’ve also had the People’s Bank of China (PBOC) set the yuan fix a little stronger, against the recent weakening trend
AUD/USD is at its highest since late November 2013:
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The kiwi, too, is doing its own face-ripping, hitting to above 0.8700:
Actually, need a longer-term look at the Kiwi … highest since August 2011:
Longterm forecast … by the end of this year the NZD/USD will be renamed GODZILLA/USD
(LOL … those waiting on a sell signal … there ya go!)
