Tuesday, June 10, 2014

The Australian dollar

The Australian dollar continues to improve, having gained about 140 points in the past week. Australian CPI jumped 2.5% in May, a four-month high. The strong reading edged above the estimate of 2.4%. NAB Business Confidence├é came in at 7 points, as the indicator continues to move upwards. Meanwhile, ANZ Job Advertisements took a tumble, posting a sharp decline of 5.6%, its worst showing in three years. We’ll get a look at further employment data on Thursday, with the release of Employment Change and the Unemployment Rate.