Market Overview

AUD/USD Trading Higher, Construction PMI Slips


AUD/USD is trading at 0.7660, up 0.0021.

The pair is trading just under the highs of the day.

Market talk about the Australian economy and comments by the Reserve Bank of Australia (RBA) is making the rounds. The Australian Industry Group's (AIG) performance of construction index (PMI) for July slipped to 51.6 from 53.2 in June.

The Reserve Bank of Australia released the minutes of its policy meeting overnight. The central bank forecast gross domestic product (GDP) to grow at 2.5 to 3.5 percent by the end of 2016 and 2017. The RBA also said the Australian dollar remained a source of uncertainty to the growth and inflation outlook.

Posted-In: AUD/USD Australian dollarFutures Forex Markets


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