Australian Dollar Recovers After Falling on Poor Data

May 03,2019 17:59   Source:Earnforex
The Australian dollar fell intraday but has recovered by now as markets were waiting for US nonfarm payrolls. Meanwhile, macroeconomic data in Australia was not good, which can explain the initial fall of the currency. The Australian Bureau of Statistics reported that the seasonally adjusted number of building approvals slumped by 15.5% in March from the previous month after climbing 19.1% in February. That is compared to the forecast drop of 12.5%. The Australian Industry […]

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