The Australian dollar gained against the US dollar and the euro today after the release of housing prices data and the speech of central bank chief.
The House Price Index rose 0.2% in the December quarter from the September quarter, more than most analysts had forecast. Meanwhile, Glenn Stevens, Reserve Bank of Australia Governor, delivered a speech today, stating that the Australian economy is rather resilient:
The local economy has been improving and the financial system overall gaining in resilience, albeit with a few pockets to watch.
Saying that, he also mentioned that “there would, in the event of a serious economic downturn, be more room to ease both monetary and fiscal policy than in many, indeed most, other countries.”
AUD/USD ticked up from 0.7580 to 0.7591 as of 10:52 GMT today. EUR/AUD dropped from 1.4821 to 1.4766.
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