Aussie/Dollar climbs to 0.7588 (a 1.07% gain) after starting the week at 0.7507 .
Trading week in a glance - AUD/USD goes up to 0.7588, having dipped down to 0.7475 earlier. (Start trading Australian dollar at FXTM today).
Australian dollar green move comes while some more encouraging signs are out as United States Initial Jobless Claims released earlier shows an improvement to 411,000 from the preceding data of 418,000, but falls short of the projected 380,000. United States Crude Oil Inventories fall short of the -3.94 million projections, with -7.61 million and continued its downward trajectory from previous figure of -7.36 million. United States New Home Sales published yesterday at 2:00 PM came out at 769,000, falling short of the 870,000 projections and continuing its decline from the previous 817,000 figure.
On the flip side Australia Retail Sales fall short of the 1.1% projections, with 0.1% and continued its downward trajectory from previous figure of 1.1%. United States GDP matches expectations with new data release of 6.4. This is also a step forward from the previous data of 4.3.
Australian dollar shows positive signs, other assets are also on par: GBP/NZD rallies beyond 1.996 for the first time in 10 months.
At the same time Pound/Yen dropped to 151.29, hitting a 8 weeks low.
Outlook for rest of the week: Market is looking forward for Australia Balance of Trade is expected Thursday.