The Australian dollar gained on its US counterpart but fell against the Japanese yen after the release of mixed economic data from Australia.
The Westpac Melbourne Institute Index of Consumer Sentiment jumped by 8.5% in May after falling 4% in the previous month. The number of home loans fell by 0.9% in March from February, but the drop was smaller than analysts had forecast (1.4%).
The Australian dollar was moving erratically today, struggling to establish a clear trend.
AUD/USD rose from 0.7360 to 0.7378 as of 12:51 1GMT today after falling to 0.7335 earlier. AUD/JPY was down from 80.42 to 80.23 while it session minimum was at 79.71.
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