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22 Oct 2013
Flash: NZD and AUD’s data digest – TD Securities
FXstreet.com (Barcelona) - Research teams at TD Securities noted the key domicile data surrounding the NZD and AUD.
Key Quotes
“NZD Net permanent migration jumped by +2740 in Sep, where the monthly and annual increase are at decade highs. The upside pressure on domestic demand is intensifying. Credit card spend in Sep was –0.1%/mth, entirely as expected as the upwardly revised Aug jump of +1.4%/yr”.
“AUD All eyes on the Q3 CPI report in Wed where we expect a deceleration in the key underlying measure from 2.4%/yr to 2.1%/yr (mkt 2.2%), or a quarterly average print of +0.5%/qtr. Some estimates are rather lofty, so if we’re wrong, expect the AUD to explode to the topside from here”.
Key Quotes
“NZD Net permanent migration jumped by +2740 in Sep, where the monthly and annual increase are at decade highs. The upside pressure on domestic demand is intensifying. Credit card spend in Sep was –0.1%/mth, entirely as expected as the upwardly revised Aug jump of +1.4%/yr”.
“AUD All eyes on the Q3 CPI report in Wed where we expect a deceleration in the key underlying measure from 2.4%/yr to 2.1%/yr (mkt 2.2%), or a quarterly average print of +0.5%/qtr. Some estimates are rather lofty, so if we’re wrong, expect the AUD to explode to the topside from here”.