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11 Feb 2014
AUD/USD rises above 0.8950 after Australian economic data
FXStreet (Córdoba) - The AUD/USD rose from 0.8945 to 0.8972 after the release of economic data from Australia, approaching yesterday’s highs that lie at 0.8997. The pair remains near the highs with upside momentum after breaking above 0.8950, where American session highs are located.
The House Price Index rose 3.4% during the fourth quarter while home loans declined 1.9% in January. The Business Conditions index rose from 3 to 4 last month. The Aussie gained momentum across the board after the new economic information.
At the moment of writing the AUD/USD is trading at 0.8966, up 0.20% for the day so far and above the price it opened the current week.
The House Price Index rose 3.4% during the fourth quarter while home loans declined 1.9% in January. The Business Conditions index rose from 3 to 4 last month. The Aussie gained momentum across the board after the new economic information.
At the moment of writing the AUD/USD is trading at 0.8966, up 0.20% for the day so far and above the price it opened the current week.