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Monday, January 4, 2016

AUDUSD Free Fall After China Manufacturing PMI and Arab-Iranian polemic

premiered at the Asian trading session on Monday (04/01) in 2016 begins with the Australian dollar free fall by nearly one per cent in line with jebloknya manufacturing sector in major export destinations of Australia, China, as well as the tension between Saudi Arabia and Iran that catch fire in diplomatic relations between the two The Middle Eastern countries.
aud_usd
AUD / USD was trading at 0.7222 fell to 0.93 percent from its previous position at 0.7296 in just 15 minutes.
China Caixin Manufacturing Index
China Caixin Manufacturing index for December fell to 48.2, slightly below forecasts at level 49 and less than the previous 48.6. Meanwhile, Australia's self-reported data on the position of AIG Manufacturing Index 51.9, although still in the expansion category, down from a previous 52.5.
Governor of the Central Bank of Australia, Glenn Stevens, indirectly seemed quite happy with the weakening Aussie dollar so far in 2016. Stevens continued to launch "jawboning" about the weakening Australian dollar. In August last year, RBA Governor replace observations statement about the Australian dollar which usually reads "further depreciation is necessary" to "The Australian dollar was adjusted to significantly decline in commodity prices."
Arab-Iranian polemic
The fall of the AUD / USD to a certain extent affected by the upheaval in oil prices, after the announcement of the termination of diplomatic relations between Saudi Arabia and Iran appeared in Twitter tweets in Arabic by the Ministry of Foreign Affairs of Saudi Arabia.
"With this, the Minister of Foreign Affairs of the Kingdom of Saudi Arabia, Adel Al-Jubeir, announced to cut diplomatic relations between Saudi Arabia and Iran." thus the chirp sounds. This termination step occurs after the raid on the Saudi Arabian Embassy in Tehran last weekend, following the execution of the Shia cleric leading Arab Iran.

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