Australian Dollar steady ahead of Job data
from MoneyTrading.com.au
The Australian Dollar recovered from yesterday’s losses ahead of the Unemployment data due to be released at 11:30 AEDST. The report is expected to show that employers have added jobs for the 4th consecutive month. Economists expect 10,000 jobs were added the previous month.
It appears that the fundamentals supporting the Aussie’s growth remain strong, as positive economic data continues to be published even as the Central Bank continues to raise interest rates. Long term trend for the AUD continues to remain optimistic.
The AUD last traded at 92.43 U.S. cents. We continue to hold our long AUDUSD at 91.40 US cent.
The Australian Dollar recovered from yesterday’s losses ahead of the Unemployment data due to be released at 11:30 AEDST. The report is expected to show that employers have added jobs for the 4th consecutive month. Economists expect 10,000 jobs were added the previous month.
It appears that the fundamentals supporting the Aussie’s growth remain strong, as positive economic data continues to be published even as the Central Bank continues to raise interest rates. Long term trend for the AUD continues to remain optimistic.
The AUD last traded at 92.43 U.S. cents. We continue to hold our long AUDUSD at 91.40 US cent.
posted by Money Trading at
9:04 AM
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