AUD/USD at One Month High above 0.90

The Australian dollar touched a one-month high of $0.9016, getting a boost after a survey showed that Australian business conditions rose to its highest in nearly three years in January.

The Aussie dollar last fetched $0.9004, up 0.6 percent from late U.S. trade on Monday.

There was probably some stop-loss buying at levels above $0.9000 that added to the Aussie dollar’s earlier rise, said Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore.


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.