Reuters newswires issued a mistaken release of Chinese data (which was supposedly the data from last time) and the AUD/USD fell swiftly from 1.0765 to 1.0741. It has now recovered to 1.0765 on the clarification.
7 Responses to “AUD falls on false data, recovers on clarification”
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AUTOREFRESH 
Hey Sean, so the market is expecting a year-over-year print of 4.1% and the early release by Reuters showed the ‘actual’ data as 4.2%.
Reuters released a statement that the data released by accident at about 7:52 pm EST was old data from November, etc. but looking at the November data we see that CPI was 5.5% and the f’cast was 5.4% so the statement that the data ‘accidentally’ released was from Nov looks like bs, don’t you think?
OMG
FxMax Update posted should anyone want to have a read – http://fxmaxsignals.blogspot.com.au/
Indeed Charles, if the last data was as you say, then their excuse doesn’t hold much water. I can however understand how these mistakes can happen, as they will probably be using a standard template to send out each piece of data and oftentimes the reporter will simply call up a previous event and then input the fresh data. If they press send by mistake, then the old data goes out with a new headline. Mistakes happen
Totally with you Sean that accidents do happen and likely the reported had done exactly as you said. Perhaps he/she was just guessing at the release numbers? and then accidentally hit the send button.
Had me scratching my head at the time when I saw it scroll by… Made me giggle a bit when they retracted it, too!
Mistakes happen because being first with the news is more important than being right anymore. Sorry, I’m less forgiving.
Peter
how could that be,ooolala