Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
Australian retail sales numbers have disappointed the streets, actual prints are at -0.1% where consensus was at 0.3% in Feb with consumer sentiment slipping back into 'cautiously pessimistic' territory in Dec-Feb. Jan retail sales grew by 0.4%, the lift following a soft end to 2016. The recent pattern has been driven by significant moves in 'household goods' retail due to the closure of the Masters Home Improvement chain.
Consequently, AUDUSD contained in a 0.7600-0.7700 range.
AUDUSD in medium term perspectives: At the risk of testing 0.7800 during the next few weeks as USD longs are pared. Longer term we expect to see it slightly lower to around 0.7600. A steady hand from the Fed in June plus an optimistic RBA should limit downside on AUDUSD during the next few months.
Further out, though, the underlying AUD trend should be gently lower, as growing bulk commodity supply gradually cools the 2016 price surge. Iron ore should be back under $80/tonne by June, with further (modest) declines likely in H2 2017.
