Investing.com - The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on PPI.
AUD/USD was trading at 1.0238, up 0.81% at time of writing.
The pair was likely to find support at 1.0104, Thursday’s low, and resistance at 1.0372, Monday’s high.
Earlier in the day, official data showed that U.S. producer price inflation rose more-than-expected to a seasonally adjusted 0.8% last month from 0.0% in the preceding month.
Analysts had expected U.S. PPI to rise 0.2% last month.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.75% to hit 1.3425 and AUD/JPY rising 0.81% to hit 78.65.
AUD/USD was trading at 1.0238, up 0.81% at time of writing.
The pair was likely to find support at 1.0104, Thursday’s low, and resistance at 1.0372, Monday’s high.
Earlier in the day, official data showed that U.S. producer price inflation rose more-than-expected to a seasonally adjusted 0.8% last month from 0.0% in the preceding month.
Analysts had expected U.S. PPI to rise 0.2% last month.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.75% to hit 1.3425 and AUD/JPY rising 0.81% to hit 78.65.