Can the AUD/USD continue to rise?

The US Dollar was bullish against all of its major pairs on Monday. On the US economic data front, no major economic data was released. On Tuesday, GDP for the third quarter third reading is expected to remain at +33.1% on quarter, in line with the third quarter second reading. The Conference Board’s Consumer Confidence Index for December is expected to rise to 97.0 on month, from 96.1 in November. Finally, Existing Homes Sales for November are expected to fall to 6.70 million on month, from 6.85 million in October. The Euro was bullish against most of its major pairs with the exception of the JPY and USD. In Europe, … (full story)

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