AUD/USD Hits Two-Week Low After Australian Jobs Data
Thursday, 13 June 2019 09:19 WIB | CURRENCIES |Dolar Australia,AUD/USD,

AUD/USD slipped to 0.6914, the lowest level since May 31, after the official data released at 01:30 showed Australia's jobless rate remained steady at 5.2% in May.

The markets were expecting the unemployment rate to drop to 5.1%. Further, the data showed the economy added 42.3K jobs in May, beating both the forecasted job growth of 17.5K and April's print of 28.4K by a big margin.

The big beat on the employment change, however, failed to put a bid under the AUD, possibly because the full-time jobs increased by a meager 2.4K, meaning the massive job addition in May was largely fueled by part-time jobs.

Overall, the jobs report is pointing to labor market weakness. As a result, the markets may pull forward expectations of an RBA rate cut to July, keeping the AUD under pressure in the short-term.

As of writing, the AUD/USD pair is trading at 0.6917, representing a 0.17% drop on the day. The currency pair closed at 0.6928 on Wednesday, violating the ascending trendline connecting May 23 and May 31 lows. So, the path of least resistance is to the downside.

Source : FX Street

RELATED NEWS

Dollar weighed by Fed prospects; Swiss franc, gold shine on geopolitics
Tuesday, 25 June 2019 08:36 WIB

The dollar on Tuesday remained shackled by the prospects of monetary easing by the Federal Reserve while the safe-haven Swiss franc and gold were supported by simmering tensions between Washington and Tehran. The euro hit a three-month high of $1.14065 in early Asia trade. It has gained 2.0% from a...

U.S. Dollar Struggles as Dallas Manufacturing Data Disappoints
Monday, 24 June 2019 23:18 WIB

The U.S. dollar was near three-month lows on Monday after disappointing regional data and rising tensions between Iran and the U.S. The U.S. dollar index, which measures the greenback™s strength against a basket of six major currencies, was down 0.1% to 95.59 by 10:45 AM ET (14:45 GMT). The Dall...

Dollar Struggles After Biggest Weekly Drop in Four Months
Monday, 24 June 2019 15:42 WIB

The dollar was on the back foot on Monday after sustaining its biggest weekly drop in four months last week as traders remained cautious about the prospects of trade talks between the United States and China at this week's G20 summit. The greenback has been on the receiving end of a broad market se...

Euro hits three-month high as Fed easing prospects weigh on dollar
Monday, 24 June 2019 10:25 WIB

The euro rose to a three-month high against the dollar on Monday, as bearish bets on the U.S. currency remained solid on prospects of a near-term interest rate cut by the Federal Reserve. The euro stretched its rally last week, up 1.4%, and advanced about 0.15% to $1.1386 in early Asian trade, its ...

USD/JPY is under pressure and in 5 month lows
Monday, 24 June 2019 08:24 WIB

In a tight range to start the week, USD/JPY is flat around 107.30 in Tokyo, up from 107.05 from Friday's business but below 107.75 highs. The yen has picked up a safe haven bid and flows out of the greenback following a switch to a new easing bias at the Federal Reserve is likely to keep the pair un...

ANOTHER NEWS
Gold Jumps to Highest in Almost 6 Years Fueled by Rising Risks
Tuesday, 25 June 2019 10:56 WIB Gold's rally shows no signs of abating. The metal surged to the highest level in almost six years as fresh U.S. sanctions on Iran added to uncertainty in global markets, with investors also looking to the G-20 summit this weekend...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.