Australian Dollar Rebounds Despite Domestic Data

Mar 21,2019 02:29   Source:Earnforex
The Australian dollar behaved similarly to its New Zealand counterpart today, falling intraday but rebounding later. Domestic macroeconomic data was not good, but that did not prevent the Aussie from bouncing. The six month annualized growth rate in the Westpac–Melbourne Institute Leading Index fell from –0.37% in January to –0.56% in February. The report commented: The signal from the Index is certainly consistent with the weak momentum in the second […]

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