Australian Dollar Mixed During Asian Trading

The Australian dollar was mixed during the Wednesday’s Asian trading session. The currency fell a little versus its US counterpart, was flat against the euro and jumped versus the Japanese yen.
Economic data from Australia was mildly upbeat today. The seasonally adjusted Australian Industry Group Australian Performance of Services Index climbed from 43.8 in November to 47.5 in December. The reading below 50.0 still indicates contraction of the sector, but decline has slowed at least.
The market sentiment still favors safety over risk. Therefore, it is surprising to see that the Australian currency managed to gain on the yen, which was rising previously but retreated during the current trading session.
AUD/USD dipped from 0.8082 to 0.8067 as of 2:48 GMT today. EUR/AUD traded at 1.4713 after opening at 1.4702. AUD/JPY jumped from 95.68 to 96.08.

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

Leave a Reply

Your email address will not be published. Required fields are marked *