Australian Dollar Goes Higher on Monday

The Australian dollar was higher on Monday following the mixed China’s data released over the weekend and ahead of tomorrow’s minutes of Australia’s central bank minutes.
The Australian dollar was rising for three consecutive sessions against the US dollar and for six sessions versus the Japanese yen. The rally may end, though, if the minutes of the Reserve Bank of Australia hints at possibility of an interest rate cut next month. This month, the RBA refrained from easing its monetary policy.
AUD/USD rose from 0.7078 to 0.7135 and AUD/JPY gained from 85.27 to 85.70 as of 18:21 GMT today.

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