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Forex pairs in this Article » AUD/NZD, USD/JPY
FXstreet.com (Barcelona) - The Australian Dollar continues to show heavy price activity after a big miss in the Australia retail sales data, which strengthens the case for further rate cuts by the RBA down the road. According to the futures rate market, the chance of a rate cut stands around 50% in March now against 45% prior to the sales data.

One currency which continues to suffer its own torment is the Japanese Yen, overstretching its bearish trend to new lows against all its competitors in the G10 pack except the Aussie. The Euro saw very limited moves, firm near highs.

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