6 Feb 2014
AUD/USD hits 3-week highs after Australian economic data
FXStreet (Córdoba) - The AUD/USD jumped from 0.8929 to 0.8974 in a few minutes after the release of economic data from Australia. Retail sales rose 0.5% above expectations of an increase of 0.4% while the trade balance surprised with a surplus.
At the moment of writing the AUD/USD trades near the highs at 0.8967, up 0.59% for the day so far. The aussie is extending gains versus the US dollar and is now headed toward the biggest weekly gain since november of last year. From the price it opened on Monday, the pair is up more than 200 pips, supported by RBA statement and recent economic data.
At the moment of writing the AUD/USD trades near the highs at 0.8967, up 0.59% for the day so far. The aussie is extending gains versus the US dollar and is now headed toward the biggest weekly gain since november of last year. From the price it opened on Monday, the pair is up more than 200 pips, supported by RBA statement and recent economic data.