Day: February 22, 2017

Aussie Reaches Multi-Year Highs, Ignoring Economic Data

Macroeconomic data released from Australia today was mixed, but that did not prevent the Australian dollar from rising and even reaching multi-year highs against such currencies like the euro and the Swiss franc. The Westpac-Melbourne Institute Leading Index fell from 1.36% in December to 1.30% in January. Construction work done fell 0.3% in the December quarter from the previous three months while markets had expected an increase. The Wage […]