AUD/USD Moves Down Australian Leading Index Stable, Forward Outlook Eases

AUD/USD is trading at 0.7474, down 0.0079. The pair is trading choppy and just above the session lows. The Westpac-Melbourne Institute Australian Leading Index rose 0.1 percent during October versus 0.1 percent in September. The six month annualized growth rate portion of the index, forecasting the economic trend three to nine months ahead eased to up 0.43 percent during October from up 0.63 percent in September.