Australian dollar edges to the highs of the day

I’m carefully watching the Australian economy at the moment for signs that higher interest rates are biting as mortgage holders feel the squeeze. A good reading will come with January retail sales at 2330 GMT today. The consensus is for a +1.5% reading after a 3.9% contraction in December.

For now, AUD
AUD

The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank

The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank
Read this Term/USD is tracking the risk trade and making small gains. It’s up 16 pips to 0.6742 which is a session high and narrowly above Friday’s US highs.