One of the best performing currencies today was the Australian dollar. AUD jumped nearly 1 percent against the US dollar to its strongest level since November 20th. On a technical basis, this move goes a long way in nullifying the downtrend but Australian data is weak so a fundamental basis, its hard to trust the rally. According to the latest economic releases, manufacturing activity contracted in the month of November, job ads fell further, inflationary pressures eased and building approvals fell much more than expected – in a nutshell every single one of these numbers showed further deterioration in Australia’s ... (full story)