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AUD and Jigsaw interlocking rubber gym mats

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.

Australian Dollar Stabilises after getting whipped

The AUD improved in our day time session, on the back of positive Chinese manufacturing PMI numbers. However in the overnight session the Aussie slipped back to lower levels that we saw in early trading. The lower Iron Ore price seems to be weighing on traders’ minds, and technical traders are still looking at sell signals in the AUD USD cross.

The dollar is higher today and seems to be stabilising which is good news for 40mm jigsaw mats.

Australian Dollar Lower

The posted its first back to back loss this month yesterday and fell against all the other majors after the RBA statement release. The daily decline of 1% was the largest since February as the AUD succumbed volatility and fear for the first time in 2 months. Local data coming out today includes Westpac consumer sentiment survey and wage price index for the March quarter from the Australian Bureau of Statistics.

The decline in the AUD shouldn’t have an impact on imported goods such as jigsaw mats in the short term. Should it persist or even go lower there could be an impact. For jigsaw mats already on the high seas there will be no change in pricing. In any case Ezymats will remain the supplier of the cheapest and best jigsaw mats on the market.