By ForexMansion.com
The Australian dollar continues its upside movement against the greenback, after it recorded a new several year high at 1.0372, as the market sentiment which encouraged the investors to increase their investment for buying higher yielding currencies such as the AUD.
On Monday, the market will witness the first issue for fundamental data about the Australian economy after an absence last week, where the nation will start the week by releasing it MI Inflation Gauge at 01.30 GMT.
Moreover, the Australian economy will release its ANZ job advertisements reading for the month of April at 01.30.
The pair is forecasted to continue its incline this as a cheerful data about the economy, where the Australian currency was bolstered after a report showed China’s manufacturing growth accelerated for the first time in four months.
Originally posted here
