The Australian dollar initially dipped against the Greenback a little at the start of last week and hovered just under 72 center. It gained momentum on Thursday when the US Fed softened their stance on monetary policy. Friday, we opened around 0.7265, saw a high of 0.7284 and a low of 0.7236.
A release of economic data had mixed feelings amongst the market, dwelling prices across the capital cities fell by 1.2% in January and by 6.9% in the year to January with every capital city seeing a fall apart from Canberra. Meanwhile, The AiG performance of manufacturing index rose from 50.0 in December to 52.5 in January, indicating a slight pickup in manufacturing activity back to expansion.