The Australian dollar traded about flat today after the release of positive macroeconomic data. Traders were reluctant to make big bets ahead of very important US nonfarm payrolls.
The seasonally adjusted Australian Industry Group/Housing Industry Association Australian Performance of Construction Index rose to 45.6 in March from 43.8 in February. While the index remained below the neutral 50.0 level, indicating contraction of the sector, the higher figure meant that the decline has slowed down.
AUD/USD traded at 0.7116 as of 11:57 GMT today after opening at 0.7112 and rising to the daily high of 0.7129. EUR/AUD traded at about the opening level of 1.5771.
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