AUD / USD

On Friday, the Australian dollar fell by 59 points due to common reasons for strengthening the US dollar and lowering commodity prices. Oil fell by 0.4%, iron ore -2.0% ($ 65.05), copper -0.1%, aluminum -0.6%, and gold -0.7%. The cost of steel in China fell to the levels of February. The yield on 10-year government bonds rose to 2.867%, but the growth rate is noticeably behind the US similar securities (spread -11 points).

Significant economic data for Australia was not released yet, as well as in China. The whole investors' attention will be directed to the US, including political events in this country. US home sales in the secondary real estate market in March will be published today with an expectation to increase from 5.54 million to 5.55 million, while sales of new homes (publication tomorrow) are projected to increase from 618 thousand to 625 thousand. The order volume for durable goods in March is predicted to increase by 1.3%. The GDP for the 1st quarter is projected at 2.0% (data on Friday). We are expecting further reduction in the Australian dollar within the range of 0.7610 / 20 and further in the range of 0.7530 / 45.

* The presented market analysis is informative and does not constitute a guide to the transaction.