Investing.com - The Australian Dollar was lower against the U.S. Dollar on Monday after the release of Australian data on Company Gross Operating Profits.
AUD/USD was trading at 1.0588, down 0.53% at time of writing.
The pair was likely to find support at 1.0571, today’s low, and resistance at 1.0765, Thursday’s high.
Earlier in the day, official data showed that Gross operating profits of Australian companies rose more-than-expected to a seasonally adjusted 6.7% in the last quarter from -2.0% in the preceding quarter.
Analysts had expected Australian CGOP to rise to 2.9% in the last quarter.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.25% to hit 1.3380 and AUD/JPY falling 0.57% to hit 81.30.
AUD/USD was trading at 1.0588, down 0.53% at time of writing.
The pair was likely to find support at 1.0571, today’s low, and resistance at 1.0765, Thursday’s high.
Earlier in the day, official data showed that Gross operating profits of Australian companies rose more-than-expected to a seasonally adjusted 6.7% in the last quarter from -2.0% in the preceding quarter.
Analysts had expected Australian CGOP to rise to 2.9% in the last quarter.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.25% to hit 1.3380 and AUD/JPY falling 0.57% to hit 81.30.