AUD Falls vs. USD, Holds Ground vs. JPY

The Australian dollar fell against its US peer as Australia’s private sector credit trailed analysts’ forecast. The losses were limited though, and the currency even managed to rise a little against the Japanese yen.

The Reserve Bank of Australia reported that total credit for the private sector increase 0.4 percent in July. While it was not a bad result strictly speaking, the growth was still smaller than predicted 0.5 percent and the previous month’s increase. The Aussie retreated against the greenback, which was supported by US fundamental data, but was able to hold ground versus the yen, which lost its upside momentum.

AUD/USD edged down from 0.9356 to 0.9341 as of 15:31 GMT today. AUD/JPY ticked up from 97.04 to 97.08.

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