The AUD dipped in Mondays trading, leaving it looking vulnerable this morning before a day of big data releases. Chinese manufacturing numbers, Australian Retail Sales, the domestic Interest Rate decision and accompanying statement all have the potential to move the market significantly in either direction. Recent data lends it hand to a downward bias, but we are trading the bottom of recent ranges. A terrible number from domestic building approvals on Monday was the catalyst for the selloff.
The price of jigsaw interlocking rubber mats remains stable for the time being.