Market Overview

AUD/USD Trading Higher, Australian Motor Vehicle Sale Rise

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AUD/USD is trading at 0.7680, up 0.0041.

The pair is trading just under the session highs.

Market chatter about money flows and the Reserve Bank of Australia (RBA) policy meeting minutes has kept both buyers and sellers active.

The Australian Bureau of Statistics reported that new motor vehicle sales rose 2.5 percent in September versus a downwardly revised flat reading in August. Year over year new motor vehicle sales rose 0.8 percent versus a gain of 2.9 percent in August. Wednesday evening the agency is scheduled to release Australian employment data.

Posted-In: AUD/USD Australian dollarFutures Forex Markets

 

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