By FX Empire.com
The AUD/USD surged early Monday on hope that Europe will present something this week to contain the crisis.
Most of the equities indices around the world witnessed losses during the last period, as the uncertainty regarding the global economy outlook and EU debt crisis eroded confidence from the financial market. Nevertheless, with the need for correction and broad rebounds in early trading on Monday with commodities and equities turning higher aussie found the needed room for correctional relief.
On Tuesday at 00:00 GMT the Australian economy is to issue the HIA New Home Sales for October, where the previous reading was down by 3.5%.
The U.S. economy will release the Consumer Confidence of November at 15:00 GMT, with a prior reading of 39.8 and it’s expected to come at 43.5. While the House Price Index for September had a prior reading of -0.1%.
Originally posted here
