Canada Housing Starts s.a (YoY) above forecasts (205K) in January: Actual (208K)

Feb 8, 2019

AUD/USD consolidates this week’s steep decline to over 1-month lows

• RBA cuts its economic growth forecasts and prompts some fresh selling. • Resurfacing US-China trade tensions add to the downward momentum.

The USD/CHF pair rose to its highest level since mid-November near 1.0030 earlier this week but struggled to push higher on Friday. Nevertheless, the