AUD News

AUDUSD broke above the bearish trend line on the 4-hour chart, indicating that consolidation for the downtrend from 0.7897 is underway. Range trading between 0.7624 and 0.7718 would likely be seen in a couple of days. As long as the price is below 0.7718, the downtrend could be expected to resume and further decline to 0.7500 area is still possible after the consolidation. Near term support is at 0.7624, a breakdown below this level could signal resumption of the downtrend. On the upside, a breakout of 0.7718 resistance will suggest that the downtrend had completed at 0.7624 already, then the following correction rebound could take price to 0.7800 zone. More forex analysis.

Australia's foreign trade surplus increased more-than-expected in September, as exports rose and imports remained flat, data from the Australian Bureau of Statistics showed Thursday.

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Total number of building approvals issued in Australia increased for the second straight month in September, defying economists' forecast for a decline, data from the Australian Bureau of Statistics showed Thursday.

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The recent unexpected rise in Australia's building approvals is a bit of a head fake and that approvals will show a clearer softening trend into year-end, Matthew Hassan, an economist at Westpac Institutional Bank, said.

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Reserve Bank of Australia forecast inflation to rise only gradually over time and the economy to grow at a solid pace as the drag on growth from the end of the mining investment boom has eased. In its quarterly Statement on Monetary Policy, released Friday, the Reserve Bank projected inflation to rise slightly to 2.25 percent in the year ending December 2018 from an estimated 2 percent in the yea

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Australia's wage price index climbed a seasonally adjusted 0.5 percent on quarter in the third quarter of 2017, the Australian Bureau of Statistics said on Wednesday.

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Despite a hotly retail high season, the early signs are not promising for Australia's consumer spending over Christmas 2017, Mathew Hassan, an economist at Westpac Institutional Bank, said.

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The total number of building approvals issued in Australia jumped a seasonally adjusted 0.9 percent on month in October, the Australian Bureau of Statistics said on Thursday - coming in at 19,074.

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Company gross operating profits dipped a seasonally adjusted 0.2 percent on quarter in the third quarter of 2017, the Australian Bureau of Statistics said on Monday.

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Residential property prices in Australia fell 0.2 percent on quarter in the third quarter of 2017, the Australian Bureau of Statistics said on Tuesday.

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