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Aussie Trims Gains After Rallying on Risk Appetite, Domestic Data

March 29, 2019 at 10:57 by Vladimir Vyun

David Unaipon on Australian 50-dollar billThe Australian dollar gained today thanks to the mild risk appetite on the Forex market and positive domestic macroeconomic data. By now, though, the currency has trimmed gains versus some of its rivals.

The Reserve Bank of Australia reported that private sector credit increased by 0.3% in February from the previous month. Analysts had expected the same 0.2% rate of growth as in January. Year-on-year, the indicator rose 4.9%.

AUD/USD was up from 0.7076 to 0.7100 intraday but has retreated to 0.7078 by 10:44 GMT today. EUR/AUD edged down from 1.5860 to 1.5844 but bounced from the daily low of 1.5821.

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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