The Australian Dollar climbs to 0.7129, its highest level in two months, as softer US economic data weighs on the Greenback.
The Australian Dollar strengthened to 0.7129 against the USD, marking its highest level in two months. The move follows softer US economic data, including weaker-than-expected Retail Sales figures last week, which pressured the Greenback.
AUD/USD traded at 0.7106, up from earlier levels, as US economic releases remained limited. The pair’s gains reflect broader USD weakness amid subdued market activity in the US.
No immediate market reaction was reported, though the shift underscores growing divergence between US and Australian economic outlooks.