Australian Dollar Starts Week with Gains

The Australian dollar rose today even though domestic macroeconomic data was somewhat disappointing. As for important economic reports outside of Australia, China’s data was mildly supportive to the currency.
The number of Australia’s home loans rose 1.5% in February — not a bad reading by itself but below the one that analysts had promised (2.1%). China’s Consumer Price Index rose 2.3% in March from a year ago, the same as in the preceding month. The Producer Price Index fell 4.3%, which was a better outcome than experts had predicted (a drop by 4.6%).
AUD/USD rose from 0.7544 to 0.7591 as of 13:28 GMT today. EUR/AUD dropped from 1.5121 to 1.5015.

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