Shutterstock photo
Markets

Forex - AUD/USD almost unchanged after positive Australian data

Shutterstock photo

Shutterstock photo

Investing.com -

Investing.com - The Australian dollar was almost unchanged against its U.S. counterpart on Monday, after the release of positive Australian business confidence data, while markets continued to monitor events in Ukraine.

AUD/USD hit 0.9368 during late Asian trade, the session high; the pair subsequently consolidated at 0.9367, easing up 0.04%.

The pair was likely to find support at 0.9271, the low of May 6 and resistance at 0.9426, the high of April 14.

In a report, the National Australia Bank earlier said that its business confidence index rose to 6 in April, from a reading of 4 the previous month.

Meanwhile, investors remained cautious after pro-Russian separatists claimed victory in a weekend referendum on self-rule in eastern Ukraine, fuelling fears that the country is sliding closer to civil war. The vote has been condemned by Ukraine's government and the West.

The Aussie was steady against the euro, with EUR/AUD inching up 0.06% to 1.4702.

Later in the day, the U.S. was to publish data on the federal budget balance.

Investing.com offers an extensive set of professional tools for the financial markets.

Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx