Volatility slowed significantly in AUD/USD on Thursday the pair edging slightly lower on a light economic calendar. The pair is on track to post a fourth consecutive day of losses and has erased most of last week’s gain. The Australian dollar was the only major commodity currency that did not gain against the greenback today.
The New Zealand dollar was boosted by the RBNZ monetary policy meeting that took place in the Asian session and the loonie strengthened on a much better than expected Canadian retail sales report. AUD/USD is hinting of a turn lower but remains above significant support.
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Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
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