During the current trading session, the Australian dollar followed the moves its New Zealand counterpart, jumping intraday but trimming the gains later.
The Aussie demonstrated basically the same performance as the kiwi during the Thursday’s session. Both currencies should have fallen due to dovishness of their central bank, yet both of them showed surprising resilience. As for news from Australia, the Melbourne Institute Survey of Consumer Inflationary Expectations fell from 3.7% in July to 3.5% in August.
AUD/USD was up from 0.7698 to 0.7759 before trading at 0.7720 as of 15:13 GMT today. AUD/JPY was up from 77.95 to 78.22, touching the high of 78.54 during the session.
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