Australian Dollar Rises After Release of Leading Index

The Australian dollar rose against the US dollar and the euro today after the release of yet another positive leading index from Australia.
The Westpac-Melbourne Institute Leading Index showed an improvement in August. The report said:
 

The Leading Index is clearly signalling that the economy is likely to continuing growing around its long run trend rate of about 3% a year.

Earlier this week, Conference Board released its leading index for Australia, which was also pretty good.
AUD/USD rose from 0.7553 to 0.7583 as of 15:58 GMT today. EUR/AUD dropped from 1.4754 to 1.4715.

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