Japan June Vehicle Production (YoY) decreases to -9.5% vs -6.2%

Jul 30, 2013

Session Recap: Aussie plummets; USD slightly higher

Following worst Australian building permits data for 2013 and RBA Stevens comments suggesting the central bank might cut interest rates next week, with OIS futures pricing in a 85% change this will happen, the Aussie has plummeted from above the 0.92 handle by early trade to recent session and fresh 2-week lows at 0.9063.

AUD/NZD pounding out more new lows after Australia’s Stevens’ dovish speech

The Reserve Bank of Australia’s Governor Glenn Stevens’ speech to The Anika Foundation did nothing to alter the uber-bearish trend in the AUD/NZD Tuesday. Rather, it served only to intensify the selling in the cross.