The Australian Dollar in pair with its American “colleague” is aiming up high, currently trading at 0.7387.
The Chinese statistics turned out positive. The industrial PMI in November grew to 52.1 points against 51.4 points previously. The same indicator in services grew to 56.4 points, which was still higher than the forecast 56.0 points.
Stability and positive moods in China are extremely important for Australia because they have long been key trade partners.
The Australian statistics is less important today, showing the ambiguity in individual crediting issues in October.
On Monday, which is the last trading day of the month and autumn, the interest in risks in the world market remains high. The USD stays depressed, letting other currencies restore.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.