The Australian Dollar recovers some ground on Thursday against the Greenback, following the release of US jobs data.
AUD/USD rises to 0.6392, buoyed by weak US labor market reports US Initial Jobless Claims hit a two-month high, fueling speculation of continued Fed policy easing. Australian employment exceeds expectations with 35.6K jobs added in November, unemployment dips to 3.9%. The US Bureau of Labor Statistics revealed that the labor market is weakening further, suggesting that the Federal Reserve may continue to ease policy. the AUD/USD trades at 0.6392, up by 0.36%.
The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets or seeking safe-havens – is also a factor, with risk-on positive for AUD.
Majors Fundamental Analysis Technical Analysis
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD bounces after Australian trimmed mean CPI data, Fed rate-cut betsAUD/USD bounces within a prolonged downtrend to trade in the 0.6870s on Wednesday after the release of Australian inflation data fails to change the widespread view that the Reserve Bank of Australia (RBA) will keep its “arms folded” at the next meeting, leaving its cash rate unchanged at a comparatively high 4.35%.
Read more »
AUD/USD Price Forecast: Slumps to near 0.6500 as Fed dovish bets easeThe AUD/USD pair drops sharply to near the psychological support of 0.6500 in the North American trading session on Wednesday.
Read more »
AUD/USD softens to near 0.6500 ahead of Australian Retail Sales dataThe AUD/USD pair weakens to near 0.6510 despite the renewed US Dollar demand during the early Asian session on Monday.
Read more »
AUD/USD weakens below 0.6400 ahead of Australian employment dataThe AUD/USD pair remains on the defensive near 0.6370 after bouncing off a fresh year-to-date (YTD) low of 0.6336.
Read more »
AUD/USD posts modest gains above 0.6450 despite stronger US Dollar, eyes on RBA Meeting MinutesThe AUD/USD pair trades on a stronger note around 0.6460 during the early Asian session on Monday.
Read more »
AUD/USD bounces back to near 0.6500 as USD gives up majority of gainsThe AUD/USD pair recovers more than half of its intraday losses and rebounds to near the psychological figure of 0.6500 in Friday’s European session.
Read more »