Australia’s Private Sector Credit Remains Stable, Aussie Pays Little Attention

The Australian dollar was either flat or lower versus its major rivals today as currencies were struggling to find directions ahead of the US-China trade talks on the weekend. Domestic macroeconomic data, which came out within expectations, was of limited interest to traders.
The Reserve Bank of Australia reported that private sector credit rose 0.2% in May from the previous month, seasonally adjusted. It was the same rate of growth as in April. The actual reading matched analysts’ forecasts.
AUD/USD was about flat at 0.7011 as of 14:30 GMT today after falling to the session low of 0.6997 earlier. EUR/AUD gained from 1.6219 to 1.6234.

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