AUD/USD Moves Down, Leading Index Stable

AUD/USD is trading at 0.7632, down 0.0061. The pair is trading choppy and just above session lows. Market chatter about headline news and comments from policy makers is making the rounds. The Westpac-Melbourne Institute leading index of economic activity in Australia edged up 0.1 percent on the month in July versus a 0.2 percent fall in June. The Australian Bureau of Statistics (ABS) reported that wages increased by 0.5 percent quarter over quarter in the second quarter. On the year Australian wages are up 2.1 percent.