The Australian Dollar has held onto its gains from the past couple of weeks despite a slight recovery from the US Dollar index at the back end of last week. The Australian Dollar has been on a steady move higher since the RBA raised rates at the November meeting.
The Australian Dollar has since been on an uptrend as this coincided with the US Dollar weakness and the Federal Reserve Meeting last week. The Australian economy has been showing signs of a slowdown with both services and composite metrics in contractionary territory.
