The Aussie is still underperforming...

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The Aussie is still underperforming, but some way off overnight lows vs the Pound within a 1.8150-1.8200 range in wake of trade data revealing a 1% fall in exports due mainly to iron ore, though the partial recovery is mainly down to another pull-back in its US counterpart rather than anything else.

However, retail sales were not quite as weak as forecast and some are touting a hawkish shift from the RBA next week given tangible evidence of a rapid recovery in the domestic economy via the labour market and booming building permits.

Non Farm Payrolls out tomorrow so trade safe!

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