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Australian Dollar Mixed Despite Supportive Macroeconomic Data

November 30, 2017 at 22:48 by Vladimir Vyun

Australian coins and banknotesThe Australian dollar was mixed during Thursday’s trading despite supportive macroeconomic data, both domestic and released in the nation’s biggest trading partner, China.

Australian private capital expenditure rose 1.0% in the September quarter from the previous three months on a seasonally adjusted basis, in line with expectations. Building approvals rose 0.9% in October from September, seasonally adjusted, whereas analysts had predicted a drop by the same amount. Private sector credit rose 0.4% in October, matching forecasts.

The China Federation of Logistics and Purchasing reported that China’s manufacturing Purchasing Mangers’ Index increased from 51.6 to 51.8 in November. The services PMI rose from 54.3 to 54.8.

AUD/USD traded at 0.7553 as of 22:46 GMT today after opening at 0.7569. EUR/AUD rallied from 1.5649 to 1.5733, trading near the highest level since February 17. AUD/JPY advanced from 84.70 to 85.08.

If you have any questions, comments, or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

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