Aussie/Dollar gains 98 pips to erase previous losses, trading higher at 0.774 after 6 weeks low .
A good end to the trading week, after starting the week at 0.7712, AUD/USD went up to 0.7773 only to drop back to mid point range and now trades at 0.774. (Start trading Australian dollar at FXTM today).
Australian dollar green move comes while some more encouraging signs are out as data for Australia GDP released Wednesday is better than expected with 1.8, but worse than previous figure of 3.2.
More data out yesterday as Australia Retail Sales matches projections with new data release of 1.1%. The indicator value is unchanged and is the same as previous data of 1.1%. Released today at 1:30 AM, Australia's Home Loans (MoM) showed an uptick coming in at 4.3, up from the previous number of 3.3.
At the same time at 1.3185, USD/SGD is down to its lowest value in 3 months. Dollar/Swiss fell to 0.8947, hitting a 3 months low.