Aussie rebounds from four-week low against greenback

Economies.com
2018-12-11 03:18AM UTC

Australian dollar tilted higher in Asian trade off November 13 lows for another session against its US counterpart, following earlier data from Australia and ahead of US inflation data. 

 

As of 02:58 GMT, AUD/USD rose 0.11% to 0.71298, with a session-high at 0.7208, and a low at 0.7185. 

 

Earlier Australian data showed housing prices fell 1.5% as expected, compared to a 0.7% increase in the second quarter. 

 

Another index tracking business sentiment in Australian receded to 3 from 5 in October. 

 

Now investors await US producer prices data, expected with no change in November, compared to a 0.6% increase in October. 

 

Core producer prices are estimated with a 0.1% increase, slowing down from 0.5%, while expected with a 2.5% yearly increase, down from 2.6%. 

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