The AUD has seen a quiet week of movement trading sideways in a 50 point range against the USD. The AUD opened stronger before losing most of its gains to start this morning. There were 2 data releases for the AUD with the Melbourne institute’s lending index having little to no effect. The second piece of data, Construction Work numbers, came in better than expected which saw a push upwards for the AUD. The weeks trend looks to continue with the market seeing very low volatility.
Australian Dollar – Jigsaw mats / Gym Mats