Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Test
Trading news
Back
13 Feb 2020

AUD/USD pares early losses, steadies below 0.6750

  • Consumer Inflation Expectations in Australia dropped to 4% in February.
  • RBA's Lowe says coronavirus is having an "uncertain impact."
  • US Dollar Index stays near 99 as focus shifts to CPI data.

The AUD/USD pair came under bearish pressure during the Asian trading hours and slumped to a daily low of 0.6708 before retracing its losses into the American session. As of writing, the pair was trading at 0.6734, down 0.06% on the day.

The data published by the Melbourne Institue on Thursday showed that Consumer Inflation Expectations fell to 4% from 4.7% and came in lower than the analysts' estimate of 4% to weigh on the AUD. While speaking at the Australia-Canada Economic Leadership Forum, Reserve Bank of Governor Lowe noted that the coronavirus was having an "uncertain impact" on the economy. 

In the meantime, following a change to the counting method, the number of coronavirus infections in China rose sharply and put additional weight on China-proxy AUD's shoulders.

US Dollar Index stays below 99 ahead of inflation report

In the early American session, the Consumer Price Index (CPI) data will be featured in the US economic docket. The core CPI, which excludes volatile food and energy prices, is expected to edge lower to 2.3% from 2.2% on a yearly basis in January. Ahead of the data, the US Dollar Index is down 0.1% on the day at 98.92, helping the pair stay away from daily lows.

There won't be any macroeconomic data releases from Australia on Friday and markets will pay close attention to fresh headlines surrounding the coronavirus outbreak.

Technical levels to watch for

 

Feb 13, 2020

EUR/GBP New York Price Analysis: Euro dropping towards 2019 lows vs. pound

EUR/GBP daily chart The EUR/GBP exchange rate is trading below its main daily simple moving averages (SMAs) suggesting a bearish momentum in the long
Read more Previous
Feb 13, 2020

United States Initial Jobless Claims 4-week average climbed from previous 211.75K to 212K in February 7

United States Initial Jobless Claims 4-week average climbed from previous 211.75K to 212K in February 7
Read more Next