The Australian dollar rose against such currencies as the US dollar and the Japanese yen during Monday’s trading but fell against the very strong euro and traded flat versus the Swiss franc.
The Australian Industry Group Services Index rose from 50.5 to 51.1 in November. Australia’s company gross operating profits rose just 1.0% in the September quarter from the previous three months, much less than analysts had promised (3.1%). Meanwhile, the seasonally adjusted Caixin China Services PMI rose from 52.4 to 53.1 in November, reaching the highest level in more than a year.
AUD/USD climbed from 0.7448 to 0.7472 as of 20:08 GMT today. EUR/AUD gained from 1.4285 to 1.4401 after falling to the low of 1.4144 intraday.
If you have any questions, comments or opinions regarding the Australian Dollar,
feel free to post them using the commentary form below.
