Australian dollar UP on job data
from MoneyTrading.com.au
The Australian dollar jumped to a high of $0.9290 after employment figures blew past expectations for a fourth straight month in December, while the jobless rate surprised by falling to an eight-month low, adding to the case for a further increase in interest rates next month.
The local currency jumped a third of a cent and bill futures slid as the market priced in a greater chance of a rate hike at the Reserve Bank of Australia's (RBA) next policy meeting on February 2.
The Australian dollar was $0.9245 before the data was released.
The Australian dollar jumped to a high of $0.9290 after employment figures blew past expectations for a fourth straight month in December, while the jobless rate surprised by falling to an eight-month low, adding to the case for a further increase in interest rates next month.
The local currency jumped a third of a cent and bill futures slid as the market priced in a greater chance of a rate hike at the Reserve Bank of Australia's (RBA) next policy meeting on February 2.
The Australian dollar was $0.9245 before the data was released.
posted by Money Trading at
12:40 PM
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