Aussie Rises As Australia Unemployment Rate Slips
April 15 2015 - 9:26PM
RTTF2
The Australian dollar strengthened against the other major
currencies in the Asian session on Thursday, after data showed that
the nation's unemployment figures dropped in March.
Data from the Australian Bureau of Statistics showed that the
unemployment rate in Australia was a seasonally adjusted 6.1
percent in March. That beat forecasts for 6.3 percent, which would
have been unchanged from the February reading.
The Australia economy added 37,700 jobs in March - also beating
expectations for adding 15,000 following the gain of 15,600 jobs in
the previous month.
The Australian dollar rose to a 1-month high of 1.3778 against
the euro, from yesterday's closing value of 1.3903.
Against the U.S. and the New Zealand dollars, the aussie climbed
to nearly a 3-week high of 0.7781 and a 2-week high of 1.0221 from
yesterday's closing quotes of 0.7674 and 1.0101, respectively.
The aussie advanced to a 6-day high of 92.46, from yesterday's
closing value of 91.45.
Against the Canadian dollar, the aussie edged up to 0.9542 from
yesterday's closing value of 0.9434.
If the aussie extends its uptrend, it is likely to find
resistance around 1.36 against the euro, 0.79 against the
greenback, 1.04 against the kiwi, 94.80 against the yen and 0.95
against the loonie.
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