Investing.com - The Australian Dollar was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Personal Spending.
AUD/USD was trading at 1.0823, down 1.35% at time of writing.
The pair was likely to find support at 1.0797, today’s low, and resistance at 1.1076, Thursday’s high.
Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted -0.2% last month from 0.1% in the preceding month whose figure was revised up from 0.0%.
Analysts had expected personal spending to rise 0.2% last month.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 1.09% to hit 1.3132 and AUD/JPY falling 1.47% to hit 83.46.
AUD/USD was trading at 1.0823, down 1.35% at time of writing.
The pair was likely to find support at 1.0797, today’s low, and resistance at 1.1076, Thursday’s high.
Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted -0.2% last month from 0.1% in the preceding month whose figure was revised up from 0.0%.
Analysts had expected personal spending to rise 0.2% last month.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 1.09% to hit 1.3132 and AUD/JPY falling 1.47% to hit 83.46.