Currency Note Worldwide

Australian dollar strengthens

By Ricky Bean June 1st, 2016

The Australian dollar strengthened by over 1.5% yesterday following the release of building approvals data. Initially forecast at -3.1%, the results were more than 6% better, reflecting a 3% growth from April’s data. The surge in strength is related to the large volume of exports that Australia has experienced in the last quarter, a positive effect of the weaker Australian dollar.
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