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CB Leading Index for Australia up by 0.5%

Monday, Nov 21 2016
CB Leading Index for Australia up by 0.5%

There were no major data releases from Australia today. The Conference Board Leading Economic Index (LEI) for Australia increased 0.5 percent in September to 104.5. The Conference Bord Coincident Economic Index (CEI) for Australia increased 0.1 percent in September to 110.9.

Last week, Federal Reserve policymaker James Bullard said he is leaning towards supporting an interest rate hike in December. He also said that the many changes under incoming president Donald Trump could affect future policy. “Markets are currently putting a high probability on a December move by the FOMC. I’m leaning towards supporting that,” Bullard, a voting member of the central bank’s rate-setting committee, told a conference in Frankfurt.

 

Aussie is currently being traded around 0.7370 level. Pair is likely to find support around 0.7330 area and resistance above 0.74 handle.

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