Australian dollar ticking a little stronger; data not looking so dire for it
The Australian dollar is up a few ticks on the session.
Its not a big mover (nothing has been so far this session).
On the supportive side for the Australian dollar today has been the data:
- Inflation data showed higher core inflation (headline m/m was only flat, but that's not the focus, look at the core)
- Inventory data came in much stronger than expected and will thus be a bigger than expected positive input to the GDP data (due Wednesday) (ps. there is a caveat to this to watch for)