Investing.com - The Australian Dollar was higher against the U.S. Dollar on Monday after the release of U.S. data on Personal Spending.
AUD/USD was trading at 1.0623, up 0.47% at time of writing.
The pair was likely to find support at 1.0418, Thursday’s low, and resistance at 1.0643, today’s high.
Earlier in the day, official data showed that U.S. personal spending rose more-than-expected to a seasonally adjusted 0.8% last month from -0.1% in the preceding month whose figure was revised up from -0.2%.
Analysts had expected personal spending to rise 0.5% last month.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.43% to hit 1.3656 and AUD/JPY rising 0.82% to hit 81.72.
AUD/USD was trading at 1.0623, up 0.47% at time of writing.
The pair was likely to find support at 1.0418, Thursday’s low, and resistance at 1.0643, today’s high.
Earlier in the day, official data showed that U.S. personal spending rose more-than-expected to a seasonally adjusted 0.8% last month from -0.1% in the preceding month whose figure was revised up from -0.2%.
Analysts had expected personal spending to rise 0.5% last month.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.43% to hit 1.3656 and AUD/JPY rising 0.82% to hit 81.72.