The Australian dollar saw a weak trading during Friday's trading, before the release of industrial production data for the Chinese economy, comes the weak movements in the Australian dollar levels near the highest level recorded since the ten-week high against the US dollar.
Trading the Australian dollar against the US dollar is currently at the level of 0.7615 after recording the highest at 0.7623 and the session was opened today at the level of 0.7611 and the lowest level at 0.7610. This comes after it rose this week to its highest level in ten weeks at 0.7658.
Markets await the release of the annual industrial production data on the Chinese economy during the month of June and is expected to see a rise of 5.8 percent after earlier rising by 6%, also today released the annual retail sales index during the month of June is expected to rise by 9.8% from a previous rise of 10.0%.
The US dollar continues to decline against major currencies amid growing demand for risky investments, but he saw a weak trading during the Asian session on Friday, which pushed the Australian dollar to move the cross.
Trading the dollar index, which tracks the dollar's performance against a basket of major currencies, is currently at the level of 96.11 after it opened today's session at the 96.11 level, while the lowest level has been recorded at 96.03 after recording the highest at 96.15 this comes after the dollar index fell this week to its lowest the level of the week at 95.81.
Trading the Australian dollar against the US dollar is currently at the level of 0.7615 after recording the highest at 0.7623 and the session was opened today at the level of 0.7611 and the lowest level at 0.7610. This comes after it rose this week to its highest level in ten weeks at 0.7658.
Markets await the release of the annual industrial production data on the Chinese economy during the month of June and is expected to see a rise of 5.8 percent after earlier rising by 6%, also today released the annual retail sales index during the month of June is expected to rise by 9.8% from a previous rise of 10.0%.
The US dollar continues to decline against major currencies amid growing demand for risky investments, but he saw a weak trading during the Asian session on Friday, which pushed the Australian dollar to move the cross.
Trading the dollar index, which tracks the dollar's performance against a basket of major currencies, is currently at the level of 96.11 after it opened today's session at the 96.11 level, while the lowest level has been recorded at 96.03 after recording the highest at 96.15 this comes after the dollar index fell this week to its lowest the level of the week at 95.81.
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