Overview:

• The AUD/USD traded in a 2 cents range during November and ended the month lower than where it started.
• The monthly high of 0.7728 was reached on the 3rd day of the month and the low of 0.7533 on the 21st.
• The currency range-traded in the first 10 days of November with a soft Australian retail sales report the highlight.
• Then despite the fact that the USD struggled to perform, the AUD/USD traded with a soft tone amid deterioration in risk sentiment and weaker domestic data.
• Later in the month the prospects of US tax reform was an additional factor that supported the USD.

 For full analysis, download the report:

• AUS/USD Annotated Chart: November 2017 (PDF, 260kb)

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