Day: February 14, 2017

Aussie Goes Higher on Positive Data from Australia & Abroad

The Australian dollar rallied today as economic data, both domestic and from abroad, was supportive to the currency, allowing it to rally to multi-year highs against some of its rivals. The Australian business confidence index reported by the National Australia Bank rose from +6 in December to +10 in January. Meanwhile, China’s Consumer Price Index rose 2.5% and the Producer Price Index increased 6.9% last month from a year ago, according to the data […]