AUD / USD Moves to Four Day High Above 1.0470

Australia’s dollar gained versus against its U.S. counterpart for the first time in five days as investor risk appetite swelled and commodities and stocks rose.

The Aussie strengthened against the majority of its 16 most-traded peers as the nation’s business confidence rebounded in December by the most in more than a decade. New Zealand’s dollar, nicknamed the kiwi, advanced versus the greenback as the nation’s annual trade deficit unexpectedly narrowed.

Australia’s dollar gained 0.6 percent to $1.0475 in New York trading yesterday and rose 0.4 percent to 95.01 yen.

Bloomberg

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.