2 Jul 2015
AUD/USD bounces off lows after US jobs report
FXStreet (Córdoba) - AUD/USD bounced of daily lows and trimmed losses as the greenback weakened broadly following the release of downbeat US employment data.
Nonfarm payrolls data disappoints
US economy created 223,000 new jobs in June, missing expectations of 230,000 and below a downwardly revised gain of 254,000 in May. The unemployment rate edged lower to 5.3% from 5.5% the previous month but wages were flat and the participation fell.
Separated data showed US initial jobless claims increased by 10,000 to a seasonally adjusted 281,000 in the week ended June 27, above the 270,000 expected.
AUD/USD recovers ground
AUD/USD rose more than half a cent in a matter of minutes and reached a session peak of 0.7642 but faltered ahead of the Asian session highs. At time of writing, the Aussie is trading at 0.7622, still 0.26% below its opening price.
Nonfarm payrolls data disappoints
US economy created 223,000 new jobs in June, missing expectations of 230,000 and below a downwardly revised gain of 254,000 in May. The unemployment rate edged lower to 5.3% from 5.5% the previous month but wages were flat and the participation fell.
Separated data showed US initial jobless claims increased by 10,000 to a seasonally adjusted 281,000 in the week ended June 27, above the 270,000 expected.
AUD/USD recovers ground
AUD/USD rose more than half a cent in a matter of minutes and reached a session peak of 0.7642 but faltered ahead of the Asian session highs. At time of writing, the Aussie is trading at 0.7622, still 0.26% below its opening price.