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USD Up After NFPs, AUD Gains on RBA Decision

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The dollar continued trading somewhat higher against its major peers yesterday, perhaps as investors continued cheering Friday’s stronger than expected US employment data. US equity indices closed Monday’s session in the green, also helped by optimism over a final trade deal between China and the US. The Aussie was the G10 winner, rallying after the RBA decision. The Bank kept interest rates unchanged as was broadly expected, but the accompanying statement was not as dovish as many may have anticipated.

USD-traders Cheer Friday’s Jobs Data, Broader Sentiment Stays Supported

The dollar continued trading somewhat higher against most of the other G10 currencies. It underperformed only against AUD and NZD, while it traded virtually unchanged against CAD. The greenback gained the most versus SEK, GBP, NOK and CHF in that order.

It seems that investors continued cheering Friday’s stronger than expected US employment data, which may have eased somewhat concerns with regards to the health of the US economy. Indeed, all three US equity indices closed in the...

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Source: https://www.jfdbrokers.com/en/research/usd-up-after-nfps-aud-gains-on-rba-decision
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