Bell FX Currency Outlook: The Australian Dollar fell to a one month low during overnight trade as disappointing Chinese economic data and bombings in Boston weighed heavily on market sentiment.

Australia Overnight the AUD fell as low as USD102.91, its lowest level since March 14. The AUD's weakness started yesterday after China reported economic growth of 7.7% in the first quarter of 2013, down from the previous quarter's 7.9%.

Chinese industrial production for March also missed forecasts. Share markets, currencies and commodity prices all lost
ground following the economic data.

The massive sell-off in Gold overnight also didn't bode well for the AUD, keeping the AUD under the USD103.00
level.

This morning we have awaken to news of two bombs exploding near the finish line of the Boston Marathon, killing two people and injuring at least 60 others. Further information on how the explosions happened will be one driver of the market today.

Majors: US stocks suffered deep declines Monday as a plunge Gold and other commodities unnerved investors. Gold plummeted for the second straight session, losing $140.40 per ounce or 9.4%, finishing at $1360.60.

Also weighing on stocks was the release of the Federal Reserve of New York's Manufacturing data which showed that manufacturing had barely expanded in the region for the month. Separately home builder's confidence also fell for the third straight month on expectations of a rise.

In currencies, the JPY soared to a one-week high against the USD, helped by the sharp sell-off in Gold. The EUR slipped to $1.3035 from the previous close of $1.3113, while the GBP was slightly lower at $1.5326, from $1.5347.

Economic Calendar
16 APR AU RBA Board Minutes from April Meeting
UK CPI
US Consumer Price Index
EC Euro-Zone CPI