At 0030GMT from Australia:
- Private Sector Credit m/m for January, expected is 0.5%, prior was 0.5%
- Private Sector Credit y/y for January, expected is 4.1%, prior was 3.9%
The Aussie spent the overnight session initially testing for a new low but plenty of buyers ahead of 0.8900 held it and with the USD weakness (its the weather …apparently) later the AUD managed toward get back to yesterday’s highs. Bids on the dip. But offers about now too. Range-trade continues to beckon, play both sides and don’t get greedy. Not time for the ‘retirement trade’ just yet.
