After six days of declines, the Australian dollar is up 8 pips today

Marginally higher but lacking a clear-cut direction, AUD/USD is trading at 0.652 after ranging between 0.6493 and 0.6545 today.

The Australian dollar upside coincides with further encouraging market factors as Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

Nevertheless, highly important Retail Sales data from Australia beat analyst expectations of 0.3% with a reading of 0%.

At the same time, Australia CFTC AUD speculative net positions released today at 20:30 UTC with a figure of -49,100, while the previous figure was -53,600.

Other currencies are also rising as GBP/JPY added 0.66% to its value, now trading at 173.67. Having closed the previous session at 2.0311, GBP/NZD is up 0.47% today to currently trade at around 2.0406. USD/JPY is up 0.41%.

Having set a peak of 0.7356 around 7 months ago, the Australian dollar is now trading 11.49% below this level.