AUD / USD
On Friday, the Australian dollar did not give rise to the speculative sentiment of the European and American traders and was fundamentally declined by 10 points on the general unfavorable background of foreign markets. Oil lost in price slightly more than 2%, iron ore -0.08%, copper -0.7%.
This morning, investors were satisfied with the growth in the construction sector activity from AIG in the March assessment, the growth came in from 56.0 to 57.2 points. The NAB business confidence index will be release tomorrow, as the March forecast showed results of 12 against 9 in February. Also, the stock markets of the APR failed to grow badly today despite the Friday drop in the US market, with the Nikkei 225 + 0.68%, S & P / ASX 200 + 0.37%, and China A50 + 0.26%. The possible optimism is related to Kim Jong-un's statement about the readiness to test the nuclear weapons and to conduct a denuclearization of the Korean Peninsula. The "Australian" currency could possibly grow in the range of 0.7760 / 75.
* The presented market analysis is informative and does not constitute a guide to the transaction.