Positive Domestic Macroeconomic Data Lifts Australian Dollar

The Australian dollar rose during the Thursday’s trading session, lifted by positive domestic macroeconomic data.

Australia’s trade balance widened from $0.87 billion in August to $1.75 billion in September, exceeding the median forecast of $1.42 billion. Building permits increased by 1.5% in September from the previous month on a seasonally adjusted basis. That is instead of a 0.9% drop predicted by analysts.

AUD/USD rose from 0.7675 to 0.7703 as of 10:19 GMT today, touching the daily high of 0.7725. EUR/AUD dropped from 1.5137 to 1.5113, and its daily low was at 1.5085.

If you have any questions, comments or opinions regarding the Australian Dollar,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *