Market Research: AUD

Source: Dukascopy Bank SA
The Australian Dollar was the best performing major currency over the last five trading days, with AUD index adding 0.70%. The U.S. Dollar, the Euro and the Swiss France also advanced around 0.50%. Despite disappointing statistics from the world's largest economy, month-end needs for the buck spurred demand for the currency, while the European currency shrugged off the upcoming ECB's meeting and logged gains as well. The Franc benefitted from Euro's performance even despite weaker-than-expected GDP, KOF economic barometer as well as manufacturing activity, once again adding to signs fundamentals from the Alpine country are having muted impact on markets.  

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