Domestic macroeconomic data was supportive for the Australian dollar today, but that did not prevent the currency from falling.
The Australian Bureau of Statistics reported that import prices rose 3.2% in the June quarter from the previous three months, beating the consensus forecast of a 1.9% increase. Export prices increased 1.9%, whereas experts had anticipated a decline. Yet the good report was unable to support the Aussie, which fell versus all its major rivals.
AUD/USD declined from 0.7453 to 0.7427 as of 10:56 GMT today. AUD/JPY dropped from 82.71 to 82.30.
If you have any questions, comments or opinions regarding the Australian Dollar,
feel free to post them using the commentary form below.
