Aussie edges lower despite positive data

Economies.com
2020-12-08 16:45PM UTC

The Australian dollar slipped against most major currencies on Tuesday, despite better-than-expected data.

 

Concerns about the coronavirus crisis mounted, even after several effective vaccines, as fears remain about the safety of these vaccines.

 

News agencies reported that three former US presidents Barack Obama, George Bush Jr, and Bill Clinton had received the Pfizer's vaccine shot as a form of encouragement to citizens.

 

Data showed that Australia's house price index rose 0.8% last month, beating forecasts of a drop by 1.6%, while the NAB business confidence index reached 12 points.

 

As of 16:44 GMT, AUD/USD fell 0.1% to 0.7411, after hitting a day high of 0.7436, and a low of 0.7399.

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