US industrial output fell 0.4% and retail sales fell 0.3% in August sending Aussie dollar back above the 75 US cents mark. However consumer prices lifted by 0.2% and core inflation up by 0.3% slightly ahead of the market expectation. We however still believe that the US Fed will still pause until perhaps towards the end of the year for a rate hike. AUD at the time of writing of this blog is trading below 75 US cents.
MARKET UPDATE
| Australia Cash rate Australia 90 day bank bill Australia 10 y bond US 10y Govt bond AUD/USD AUD/EUR AUD/JPY AUD/CNY ASX 200 S&P 500 Dow Jones Industrial Average Shanghai Composite Brent Oil (USD per BBL) Gold Spot (USD per oz) Iron Ore | As at 16-Sep 1.50 1.74 2.10 1.69 0.7511 0.6682 76.66 5.0109 5,296 2,139 18,123 3,002 45.77 1,310 55.97 | As at 9-Sep 1.50 1.73 2.05 1.67 0.7652 0.6782 78.18 5.1083 5,339 2,127 18,085 3,078 48.01 1,328 57.78 |
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