By Eric Andersen, THE TAKEAWAY : Australian Conference Board Leading Index Rises 1.1% > Ambivalent Risk Appetite Trends Minimize Trader Optimism > AUDUSD Slightly Up Following Release Data released by the Conference Board of Australia shows that its leading index rose 1.1 percentin January, having fallen 0.3 percent the previous period. Themonth’s increase marked the indicator’s first rise infour months. Building approvals, money supply, and stock pricesadded to the index as rural goods exports, the yield spread, andthe sales to inventories ratio declined and the gross operatingsurplus held constant. Though the figure was good news for the Australian economy, the AUDUSD was only slightly up following the release as general risk appetite neutered trader convictions. In the minutes following the release, the AUDUSD rose from 1.0603 to 1.0605.
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