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Forex: AUD/USD recovers ground on China, above 1.0300

The Aussie dollar has managed to regain the key 1.0300 figure from overnight lows in the proximity of 1.0250, boosted by positive Chinese data out of the trade balance and the inflation prints.

Adrian Foster, analyst at Rabobank, commented on domestic release, “the RBA issued their quarterly Statement on Monetary Policy (SoMP) and whilst acknowledging the improved global backdrop, they revised lower both their GDP and CPI forecasts, and this lends the Statement a dovish bias. It adds to the, on balance, dovish Statement that accompanied Tuesday’s no-change rates decision”.

The cross is up 0.29% at 1.0313 with the next resistance at 1.0339 (high Feb.7) and then 1.0345 (low De.26).
On the flip side, a breakdown of 1.0260 (low Oct.24) would aim for 1.0236 (low Oct.23) and the 1.0203 (low Oct.15).

Switzerland Dec Real Retail Sales (YoY) rises to 5.1% vs 3% (Nov)

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Switzerland: Real Retail Sales jump 5.1% in December

On an annual basis Swiss Real Retail Sales rose 5.1% in December, compared with the 3% increase seen the previous month, the Swiss Federal Statistical Office reported on Friday. This is a much better result than the 3.2% growth expected by economists.
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