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Australian Dollar Fails to Profit from Positive Data

July 26, 2018 at 11:03 by Vladimir Vyun

Various Australian dollar notesDomestic macroeconomic data was supportive for the Australian dollar today, but that did not prevent the currency from falling.

The Australian Bureau of Statistics reported that import prices rose 3.2% in the June quarter from the previous three months, beating the consensus forecast of a 1.9% increase. Export prices increased 1.9%, whereas experts had anticipated a decline. Yet the good report was unable to support the Aussie, which fell versus all its major rivals.

AUD/USD declined from 0.7453 to 0.7427 as of 10:56 GMT today. AUD/JPY dropped from 82.71 to 82.30.

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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