The Australian dollar was the strongest currency today. It was fighting with the Great Britain pound for the first place, and currently the Aussie is on top.
Domestic macroeconomic data released over the trading session was good, with the Melbourne Institute Consumer Inflationary Expectations logging an increase from 3.6% in November to 4.0% in December. But the more important factor supporting the Australian currency was the positive general market sentiment, supported by reports about China considering to lower auto tariffs and good news from Great Britain.
AUD/USD edged up from the opening level of 0.7218 to 0.7226 as of 16:09 GMT today, though retreated from the daily high of 0.7247. GBP/AUD traded at 1.7571, a bit lower than the opening of 1.7480.
If you have any questions, comments or opinions regarding the Australian Dollar,
feel free to post them using the commentary form below.
