High expectations for Australia
Industrial output for Australia has been affected greatly by the global recession in the past nine months. In that time span the output has been negative with a low demand for the country's goods. However, the ACCI industrial trends survey expects the index to rise to 47.6 in the second quarter.
If the survey is correct then it will be the highest level since the three months to September 2008. Another noticeable expectation includes tracking output and new orders to swing back to positive levels, indicating a rebound in demand to come.
The positive expectations have the Australian dollar's euro exchange rate at EUR1.7536.
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The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.