The Australian Dollar (AUD) trades with mild gains in Thursday’s early Asian session.
The Australia n Dollar holds positive ground on Thursday. The Aussie edges higher as Australia n PMI reading has maintainedexpansion in June. Investors await the advanced US S&P Global PMI data, which is due on Friday. The Australia n Dollar trades with mild gains in Thursday’s early Asian session. The Aussie edges higher after the recent Australia n Judo Bank PMI report suggested that business activity is still growing despite a slower pace than in March and April.
Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar is the level of interest rates set by the Reserve Bank of Australia . Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance.
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