The Australian dollar hold steady against the US dollar and ticked up against other majors, like the Japanese yen. The falling leading indicators did not hurt the currency much.
The Aussie behaved similarly to the kiwi, demonstrating decent performance, even though domestic fundamentals were not helpful to the currency. The Westpac-Melbourne Institute leading index fell by 0.15 points in February. Tomorrow, an employment report will be released, and analysts predict that it would show robust growth of the Australian jobs market.
AUD/USD traded close to its opening level of 0.7459 as of 10:26 GMT today. AUD/JPY gained from 84.43 to 84.70.
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