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Aussie slumps following Westpac sentiment index

On Wednesday, the Australian dollar slumped in Asia, following regional data. Another factor was traders’ focus on the tone of the latest Fed statement on policy today as well as opinion surveys ahead of a vote on Britain’s membership in the EU.   

The currency pair USD/JPY traded at 106.16, showing a 0.05% soar, while GBP/USD slumped 0.03%, being worth 1.4110. As for AUD/USD, this currency pair sank 0.19%, trading at 0.7345, while NZD/USD edged down 0.27% at 0.6975.   

The first quarter account came in at a surplus of NZ$1.31 billionquarter-on-quarter in New Zealand, which appeared to be wider than the NZ$1.05 billion level observed. As for the year-on-year figures, they demonstrated a deficit of NZ$7.50 billion, compared with an expected outcome of NZ$7.48 billion.

In Australia, in June, the Westpac consumer sentiment index sagged 1%, which appeared to be a steep reversal from the previous outcome of 8.5%.

 

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