concerns about global growth as basically all major economies are suffering from the impact of low energy prices on inflation. As for Australia’s economic data, it was fairly neutral with the business confidence being low but still positive (the confidence index was unchanged at +2 in January). AUD/USD traded at 0.7075 as of 18:05 GMT today after falling from the opening rate of 0.7085 to the low of 0.6973 intraday. AUD/JPY was at about 81.25 following the drop from 82.08 to 80.00. If you have any questions, comments or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.