Australian Dollar Shows Resilience Facing Adverse Fundamentals

May 22,2019 10:34   Source:Earnforex
The Australian dollar was surprisingly strong today despite adverse fundamentals, which were including poor macroeconomic data, the negative market sentiment, and the dovish monetary policy outlook. The six month annualized growth rate in the Westpac–Melbourne Institute Leading Index, which suggests the likely pace of economic activity relative to trend three to nine months into the future, fell from –0.13% in March to –0.47% in April. The report commented on the result: The Index growth […]

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