AUD/USD: Conditions for business have improved in Australia. Fundamental analysis for 12.07.2016

Forex analytics: Australian business environment index rose by 2 points, up to +12 in June, which is far above medium-term average value of +1. At the same time business confidence index rose by 3 points, up to +6 in June against the decline in May. Recent decrease in the Australian interest rate to 1.75% has a positive impact on business optimism in the country. Although the AUD sharply fell after the UK ...