Australian Dollar Falls On Soft Jobs Data
18 Mai 2023 - 4:32AM
RTTF2
The Australian dollar came under pressure against other major
currencies in the Asian session on Thursday, after soft jobs data
reinforced market bets of a rate pause next month.
Data from the Australian Bureau of Statistics showed that the
unemployment rate of Australia rose to 3.7 percent in April.
Economists expect the unemployment to be steady at 3.5 percent,
same as last month.
Australia's employment fell by 4,300 in April from March, when
it rebounded by a revised 61,100. Market forecasts had been for a
rise of 25,000. Also, the Australia's economy lost 27,100 full-time
jobs in April.
Market bets for a rate pause at the Reserve Bank of Australia's
June 6th meeting.
In the Asian trading today, the Australian dollar fell to nearly
a 6-month low of 0.8930 against the Canadian dollar, and a 1-week
low of 1.0623 against the NZ dollar, from yesterday's closing
quotes of 0.8959 and 1.0654, respectively. The aussie may test
support near 0.88 against the loonie and 1.04 against the kiwi.
Against the U.S. dollar, the yen and the euro, the aussie
dropped to 0.6629, 91.07 and 1.6349 from yesterday's closing quotes
of 0.6659, 91.67 and 1.6268, respectively. If the aussie extends
its downtrend, it is likely to find support around 0.65 against the
greenback, 88.00 against the yen and 1.66 against the euro.
Looking ahead, ECB President Christine Lagarde will attend at an
official celebration of the 175th anniversary of the first German
national parliamentary assembly event in Paulskirche in Frankfurt,
at 5:00 am ET.
In the New york session, Canada new housing price index for
April, U.S. weekly jobless claims and existing home sales for April
are due to be released
At 9:05 am ET, Federal Reserve Board Governor Philip Jefferson
will deliver a speech on the economic outlook before the National
Association of Insurance Commissioners (NAIC) International
Insurance Forum, in Washington.
Twenty-Five minutes later, Federal Reserve Vice Chair for
Supervision Michael Barr will testify before the Senate Banking,
Housing and Urban Affairs Committee Semi-annual Hearing on
Supervision and Regulation, in Washington.
At 10:00 am ET, Federal Reserve Bank of Dallas President Lorrie
Logan will deliver welcome remarks before the Technology-Enabled
Disruption Conference: Uncertainty and Prospects for Disruptive
Investments conference hosted by the Federal Reserve Bank of
Richmond, in Richmond.
AUD vs NZD (FX:AUDNZD)
Graphique Historique de la Devise
De Mar 2024 à Avr 2024
AUD vs NZD (FX:AUDNZD)
Graphique Historique de la Devise
De Avr 2023 à Avr 2024