Australian dollar falls despite improved risk appetite

Economies.com
2021-02-01 17:59PM UTC

The Australian dollar fell on Monday, despite the release of upbeat economic data and improved risk appetite.

 

The Australian commodity price index rose 19.7% in January from 12.5% ​​in December.

 

The ANZ jobs advertisements index rose 2.3%, while the MI inflation gauge rose 0.2%.

 

This comes amid continuing efforts to contain the coronavirus, with developing more promising vaccines to eliminate the pandemic.

 

The Guardian newspaper reported that a new virus called Nipah emerged in China, which is fast-spreading and could result in death.

 

As of 17:58 GMT, AUD/USD fell 0.2% to 0.7624, after hitting a high of 0.7663 and a low of 0.7606.

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