In the trading on Thursday, May 5th, the Australian dollar display positive dynamics after publication of strong economic data from Australia. Australian Bureau of Statistics reported that volume of retail trade in the country increased in March by 0.4 percent in March. Australian Housing Industry Association reported that new homes sales rose 8.9 percent in March.
The dollar index, which indicates the position of the buck to the basket of six major currencies, is at 93.20 edging down to 0,08%.
According to the information given by NewForex analyst Luigi Campo, the growth rate of the Australian dollar will continue.
Further quotation price change of the Australian dollar will produce Friday’s RBA Statement on Monetary Policy.