AUD/USD up in a narrow range, around 0.8940

FXstreet.com (Ediinburgh) -The Aussie dollar is following the better tone in the risk-on space, lifting the AUD/USD to the current area of 0.8940/45, up from lows around 0.8900 post-Wall St.

AUD/USD on the rise after data

In the domestic data front, Australia’s Private Sector Credit rose above estimates 0.4% on a monthly basis during July, extending the annual advance to 3.2% vs. 3.1% previous. In the same direction, Chinese Business Sentiment indicator sponsored by MNI rose to 58.0 vs. 54.3 previous. “Last week’s failure to breach 0.9250 and the swift slide below 0.9000 underscores the corrective nature of rebounds. Any further …read more