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AUSTRALIAN DOLLAR RISES AGAINST MAJORS

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.

The Australian dollar rose to nearly a 2-week high of 1.0805 against the NZ dollar and a 2-day high of 88.79 against the yen, from yesterday's closing quotes of 1.0761 and 88.32, respectively.

Against the U.S. and the Canadian dollars, the aussie advanced to 0.6690 and 0.9167 from yesterday's closing quotes of 0.6666 and 0.9141, respectively.

The aussie edged up to 1.6105 against the euro, from yesterday's closing value of 1.6134.

If the aussie extends its uptrend, it is likely to find resistance around 1.09 against the kiwi, 91.00 against the aussie, 0.68 against the greenback, 0.93 against the loonie and 1.55 against the euro.

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FRANC CLIMBS AFTER SNB DECISION

As expected, the Swiss National Bank raised its policy rate by 50 basis points to 1.5 percent. The franc advanced against its major counterparts after the decision.

The franc was trading at 143.57 against the yen, 0.9944 against the euro, 1.1243 against the pound and 0.9125 against the greenback around 4:35 am ET.

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U.S. DOLLAR RISES AGAINST MOST MAJORS

The U.S. dollar strengthened against most major currencies in the Asian session on Friday.

The U.S. dollar rose to 2-day highs of 1.0817 against the euro and 1.3736 against the Canadian dollar, from yesterday's closing quotes of 1.0828 and 1.3715, respectively.

Against the pound and the Swiss franc, the greenback edged up to 1.2261 and 0.9179 from yesterday's closing quotes of 1.2286 and 0.9163, respectively.

If the greenback extends its uptrend, it is likely to find resistance around 1.03 against the euro, 1.39 against the loonie, 1.18 against the pound and 0.93 against the franc.

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YEN FALLS AGAINST MAJORS

The Japanese yen weakened against other major currencies in the late Asian session on Monday. The yen fell to 4-day lows of 131.31 against the U.S. dollar, 142.85 against the Swiss franc and 95.61 against the Canadian dollar, from recent highs of 130.49, 141.57 and 94.95, respectively.

Against the euro and the pound, the yen dropped to 141.23 and 160.52 from recent highs of 140.53 and 159.57, respectively.

Moving away from recent highs of 86.62 against the Australian dollar and 80.89 against the NZ dollar, the yen slipped to 87.36 and 81.46, respectively.

If the yen extends its downtrend, it is likely to find support around 134.00 against the greenback, 144.00 against the franc, 97.00 against the loonie, 144.00 against the euro, 163.00 against the pound, 91.00 against the aussie and 83.00 against the kiwi.

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AUSTRALIA RETAIL SALES ADD 0.2% IN FEBRUARY

The total value of retail sales in Australia was up a seasonally adjusted 0.2 percent on month in February, the Australian Bureau of Statistics said on Tuesday - coming in at A$35.141 billion.

That exceeded expectations for an increase of 0.1 percent and was down from 1.9 percent in January.

Individually, sales were up for food, clothing, department store sales and cafes and restaurants. Sales were flat for household goods and down for other retailing.

On a yearly basis, retail sales climbed 6.4 percent.

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NZ DOLLAR RISES AGAINST MAJORS

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.

The NZ dollar rose to a 1-week high of 82.61 against the yen and a 6-day high of 0.6271 against the U.S. dollar, from yesterday's closing quotes of 81.85 and 0.6253, respectively.

Against the euro and the Australian dollar, the kiwi advanced to 5-day highs of 1.7283 and 1.0686 from yesterday's closing quotes of 1.7333 and 1.0727, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 84.00 against the yen, 0.63 against the greenback, 1.69 against the euro and 1.05 against the aussie.

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AUSTRALIAN DOLLAR SLIDES AGAINST MAJORS

The Australian dollar weakened against other major currencies in the Asian session on Thursday.

The Australian dollar fell to more than a 3-week low of 0.9046 against the Canadian dollar, from yesterday's closing value of. 0.9060.

Moving away from yesterday's closing value of 0.6684 against the U.S. dollar, the aussie dropped to 0.6661.

Against the euro and the yen, the aussie edged down to 1.6255 and 88.39 from yesterday's closing quotes of 1.6217 and 88.76, respectively.

If the aussie extends its downtrend, it is likely to find support around 0.89 against the loonie, 0.65 against the greenback, 1.63 against the euro and 85.00 against the yen.

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JAPAN RETAIL SALES SURGE 6.6% ON YEAR IN FEBRUARY

The total value of retail sales in Japan was up 6.6 percent on year in February, the Ministry of Economy, Trade and Industry said on Friday.

That beat forecasts for an increase of 5.8 percent and was up from the downwardly revised 5.0 percent gain in January.

Sales from large retailers climbed 5.0 percent on year, easing from 5.5 percent in the previous month.

Wholesale sales climbed an annual 2.3 percent, accelerating from 1.2 percent a month earlier.

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YEN ADVANCES AGAINST MOST MAJORS

The Japanese yen strengthened against most major currencies in the Asian session on Monday.

The yen rose to 4-day highs of 143.62 against the euro and 163.42 against the pound, from last week's closing quotes of 143.99 and 163.74, respectively.

Against the Swiss franc and the Australian dollar, the yen advanced to 4-day highs of 144.91 and 88.54 from Friday's closing quotes of 145.03 and 88.73, respectively.

If the yen extends its uptrend, it is likely to find resistance around 138.00 against the euro, 157.00 against the pound, 139.00 against the franc and 85.00 against the aussie

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JAPAN MONETARY BASE SLIPS 1.0% ON YEAR IN MARCH

The monetary base in Japan was down 1.0 percent on year in March, the Bank of Japan said on Tuesday - coming in at 655.780 trillion yen.

That follows the upwardly revised 1.6 percent contraction in February (originally -1.7 percent).

Banknotes in circulation was up an annual 2.1 percent, while coins in circulation sank 3.7 percent. Current account balances lost 1.6 percent, including a 2.1 percent drop in reserve balances.

The adjusted base was up 13.5 percent, slowing from 31.1 percent a month earlier.

For the first quarter of 2023, the monetary base slipped 2.1 percent on year.

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JAPAN MONETARY BASE SLIPS 1.0% ON YEAR IN MARCH

The monetary base in Japan was down 1.0 percent on year in March, the Bank of Japan said on Tuesday - coming in at 655.780 trillion yen.

That follows the upwardly revised 1.6 percent contraction in February (originally -1.7 percent).

Banknotes in circulation was up an annual 2.1 percent, while coins in circulation sank 3.7 percent. Current account balances lost 1.6 percent, including a 2.1 percent drop in reserve balances.

The adjusted base was up 13.5 percent, slowing from 31.1 percent a month earlier.

For the first quarter of 2023, the monetary base slipped 2.1 percent on year.

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NZ DOLLAR RISES AGAINST MAJORS

The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.

The NZ dollar rose to a 3-week high of 83.97 against the yen and more than a 2-week high of 1.7167 against the euro, from yesterday's closing quotes of 83.14 and 1.7343, respectively.

Against the U.S. and the Australian dollars, the kiwi advanced to nearly a 2-month high of 0.6379 and a 3-1/2-month high of 1.0618 from yesterday's closing quotes of 0.6311 and 1.0696, respectively.

If the kiwi extends its uptrend, it is likely to find resistance around 86.00 against the yen, 1.67 against the euro, 0.64 against the greenback and 1.06 against the aussie.

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EUROPEAN ECONOMIC NEWS PREVIEW: GERMANY INDUSTRIAL OUTPUT, CONSTRUCTION PMI DUE

Industrial production and construction Purchasing Managers' survey results from Germany are due on Thursday, headlining a light day for the European economic news.

At 1.45 am ET, unemployment data is due from Switzerland. The jobless rate is forecast to fall slightly to 2.0 percent in March from 2.1 percent in February.

At 2.00 am ET, Destatis is slated to release Germany's industrial production for February. Economists expect output to gain 0.1 percent on month, slower than the 3.5 percent increase in January.

In the meantime, UK Halifax house price data is due. House prices are expected to fall 0.3 percent on month in March, reversing a 1.1 percent increase in February.

Also, GDP, industrial production and household consumption are due from Statistics Sweden.

At 3.00 am ET, wholesale prices and foreign trade figures are due from Austria. And industrial and construction output and external trade reports are due from the Czech Republic.

At 3.30 am ET, S&P Global publishes Germany's construction Purchasing Managers' survey results.

At 4.30 am ET, UK S&P/CIPS construction PMI data is due. The index is seen falling to 53.5 in March from 54.6 in February.

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NZ DOLLAR ADVANCES AGAINST MOST MAJORS

The New Zealand dollar strengthened against most major currencies in the Asian session on Friday.

The NZ dollar rose to 0.6262 against the U.S. dollar and 82.49 against the yen, from yesterday's closing quotes of 0.6242 and 82.28, respectively.

Against the euro, the kiwi advanced to 1.7435 from yesterday's closing value of 1.7479.

If the kiwi extends its uptrend, it is likely to find resistance around 0.65 against the greenback, 84.00 against the yen and 1.69 against the euro.

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JAPAN HAS Y2.197 TRILLION CURRENT ACCOUNT SURPLUS IN FEBRUARY

Japan posted a current account surplus of 2.197 trillion yen in February, the Ministry of Finance said on Monday.

That was shy of expectations for a surplus of 2.536 trillion yen following the downwardly revised 1.989 trillion shortfall in January (originally -1.977 trillion yen).

Exports rose 4.5 percent on year to 7.644 trillion yen, while imports climbed an annual 8.248 trillion yen for a trade deficit of 604.1 billion yen.

The capital account showed a deficit of 15.8 billion yen, while the financial account showed a surplus of 3.292 trillion yen.

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AUSTRALIAN DOLLAR RISES AGAINST MAJORS

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The Australian dollar strengthened against other major currencies in the Asian session on Tuesday.

The Australian dollar rose to a 5-day high of 1.6309 against the euro, from yesterday's closing value of 1.6352.

Against the yen and the NZ dollar, the aussie advanced to 6-day highs of 89.03 and 1.0714 from yesterday's closing quotes of 88.67 and 1.0674, respectively.

The aussie edged up to 0.6674 against the U.S. dollar, from yesterday's closing value of 0.6641.

Moving away from an early near 5-month low of 0.8956 against the Canadian dollar, the aussie climbed to 0.9002.

If the aussie extends its uptrend, it is likely to find resistance around 1.58 against the euro, 91.00 against the yen, 1.08 against the kiwi, 0.68 against the greenback and 0.91 against the loonie.

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InstaForex.

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AUSTRALIAN DOLLAR RISES AGAINST MAJORS

The Australian dollar strengthened against other major currencies in the Asian session on Tuesday.

The Australian dollar rose to a 5-day high of 1.6309 against the euro, from yesterday's closing value of 1.6352.

Against the yen and the NZ dollar, the aussie advanced to 6-day highs of 89.03 and 1.0714 from yesterday's closing quotes of 88.67 and 1.0674, respectively.

The aussie edged up to 0.6674 against the U.S. dollar, from yesterday's closing value of 0.6641.

Moving away from an early near 5-month low of 0.8956 against the Canadian dollar, the aussie climbed to 0.9002.

If the aussie extends its uptrend, it is likely to find resistance around 1.58 against the euro, 91.00 against the yen, 1.08 against the kiwi, 0.68 against the greenback and 0.91 against the loonie.

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JAPAN OVERALL BANK LENDING GAINS 3.0% ON YEAR IN MARCH

The value of overall bank lending in Japan was up 3.0 percent on year in March, the Bank of Japan said on Wednesday - coming in at 600.372 trillion yen.

That beat forecasts for an increase of 1.8 percent and was down from 3.3 percent in February.

Excluding trusts, lending climbed an annual 3.3 percent to 523.282 trillion yen - slowing from 3.6 percent in the previous month.

Lending from trusts rose 1.0 percent on year to 77.089 trillion yen after adding 0.9 percent a month earlier.

For the first quarter of 2023, overall lending rose 3.1 on year, lending minus trusts jumped 3.5 percent and lending from trusts was up 0.9 percent.

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EUROPEAN ECONOMIC NEWS PREVIEW: UK GDP DATA DUE

Monthly GDP from the UK and final inflation from Germany are the top economic news due on Thursday.

At 2.00 am ET, the Office for National Statistics publishes UK monthly GDP data for February. The economy is forecast to grow marginally by 0.1 percent on month, slower than the 0.3 percent expansion registered in January.

At the same time, the UK visible trade deficit is seen narrowing to GBP 17.0 billion from GBP 17.86 billion in January.

In the meantime, Destatis is set to issue Germany's final consumer and harmonized prices for March. Consumer price inflation is forecast to ease to 7.4 percent, in line with flash estimate, from 8.7 percent in February.

At 3.00 am ET, the Czech Statistical Office releases consumer prices for March. Economists forecast inflation to slow to 14.9 percent from 16.7 percent in February. At 4.00 am ET, Italy's Istat publishes industrial output data for February. Production is seen expanding 0.5 percent month-on-month, in contrast to the 0.7 percent decline in January. At 5.00 am ET, Eurozone industrial production data is due. Economists forecast Eurozone industrial output to grow at a faster pace of 1.0 percent in February after rising 0.7 percent in January.

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SINGAPORE GDP SINKS 0.7% IN Q1

Singapore's gross domestic product contracted a seasonally adjusted 0.7 percent on quarter in the first quarter of 2023, the Ministry of Trade and Industry said in Friday's preliminary reading.

That missed expectations for a decline of 0.2 percent following the downwardly revised 0.1 percent increase in the fourth quarter of 2022 (originally 0.3 percent).
On an annualized basis, GDP was up 0.1 percent - again shy of forecasts for a gain of 0.6 percent and down from 2.1 percent in the three months prior.

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