The Australian dollar joined other most traded currencies in a rally against the US dollar today, while positive economic data from Australia allowed the Aussie to rise against its other major counterparts as well.
The greenback halted its rally, allowing other currencies to log gains, and the Australian dollar joined the trend. Domestic macroeconomic indicators added to the bullish momentum of Australia’s currency. The Melbourne Institute Monthly Inflation Gauge rose 0.1 percent in September, while job advertisements grew 0.9 percent last month, demonstrating the fourth consecutive monthly increase on a seasonally adjusted basis.
AUD/USD climbed from 0.8675 to 0.8722 as of 12:29 GMT today. AUD/JPY rose from 95.18 to 95.36.
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