The Australian Dollar was higher against the U.S. Dollar on Monday after the release of Australian data on PPI.
AUD/USD was trading at 0.9906, up 0.79% at time of writing.
The pair was likely to find support at 0.9669, Wednesday’s low, and resistance at 0.9920, today’s high.
Earlier in the day, official data showed that Australian producer price inflation rose more-than-expected to a seasonally adjusted 1.30% in the last quarter, from 0.30% in the preceding quarter.
Analysts had expected PPI to rise 0.60% last month.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.32% to hit 1.4155 and AUD/JPY rising 0.46% to hit 80.33.
AUD/USD was trading at 0.9906, up 0.79% at time of writing.
The pair was likely to find support at 0.9669, Wednesday’s low, and resistance at 0.9920, today’s high.
Earlier in the day, official data showed that Australian producer price inflation rose more-than-expected to a seasonally adjusted 1.30% in the last quarter, from 0.30% in the preceding quarter.
Analysts had expected PPI to rise 0.60% last month.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.32% to hit 1.4155 and AUD/JPY rising 0.46% to hit 80.33.