Japan Tertiary Industry Index (MoM) increase to 0% in Apr from -1.3%

Jun 17, 2013

AUD/USD trading below 0.9580

Less than half hour away from the Tokyo open, and with only New Motor Vehicle Sales (YoY) in Australia as main risk event for Aussie at 01:30 GMT, the AUD/USD is last at 0.9571, unchanged from previous weekly close Friday.

Flash: Keep favouring AUD/NZD lower despite RBNZ on hold - UBS

Despite the AUD/USD recovered lost ground last week, as did the NZD/USD, for this week of trading, Mansoor Mohi-uddin, Head of FX Strategy at UBS Macro Research, still recommends keeping a cautious stance on the AUD and continue to prefer the NZD.