The Australian dollar is trading around 0.6473, after closing the previous week at 0.6473 (down 0%) .
Trading week at a glance - AUD/USD is up to 0.6473, after closing yesterday at zero. Overall, a 0% move or 6,472 pips this week. (Start trading the Australian dollar at FXTM today).
Uptick comes while some more positive signs for the Australian dollar are out as Australia Retail Sales released yesterday at 01:30 UTC is better than expected at 0.6% but down from preceding data of 1.3% according to new data. United States Crude Oil Inventories published yesterday at 14:30 UTC came out at -215,000, falling short of the 443,000 projections and continuing its decline from the previous 1.14 million figure. Following a previous reading of -0.6%, Pending Home Sales in United States released yesterday at 14:00 UTC fell short of the -1.4% figure expected by analysts with an actual reading of -2%.
On the flip side, United States Initial Jobless Claims came out at 193,000, better than analyst estimates of 215,000 and improving upon the previous reading of 209,000. New GDP data from United States matched market expectations with a reading of -0.6 -- a positive step in contrast to previous data of -1.6 from last month.
Also worthy of note, Australia Interest Rate is expected Tuesday. Australia Trade Balance (Aug) is scheduled for Thursday. Australia AIG Manufacturing Index (Sep) scheduled to come out Monday.