Last week, US NFP surprised to the upside, not only with January’s reading, but with the strong revisions to December’s and November’s readings. The USD ended the week taking back some of the losses in the past week. Let’s see what’s in store for us this week in terms of fundamental factors. Business confidence may have bottomed after a 4 month slide. Let’s see if the reading can stay above 0 and start heading higher. The AUD is not likely going to be supported simply by a strong business confidence reading per se, but a good release can start slow down the AUD’s decline, or give an existing pullback a little nudge. ... (full story)