Forex News - The Australian Dollar was lower against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.
AUD/USD was trading at 0.9588, down 0.77% at time of writing.
The pair was likely to find support at 0.9552, today’s low, and resistance at 0.9955, Wednesday’s high.
Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 51.6 last month from 50.6 in the preceding month.
Analysts had expected the ISM manufacturing PMI to fall to 50.5 last month.
Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.26% to hit 1.3820 and AUD/JPY falling 1.30% to hit 73.48.
Monday, October 3, 2011
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