Trading news

Expert's opinion from FXFinPro

Falling unemployment in Australia has led to the growth of the Australian currency
The price of Australian Dollar showed a sharp rise after the publication of unexpectedly strong statistics on the state of the labor market in the country. Thus, unemployment dropped to 5.9% in October compared to 6.2% in September. At the same time, the number of employed rose by 58,5 thousand vs. expected 14,8 thousand. This fact significantly reduced the likelihood of interest rate cuts by the Reserve Bank of Australia and the potential fall of the Australian dollar declined. Despite this, we expect further strengthening of the US dollar and the weakness on the market of raw materials, which will adversely affect the price of the Australian dollar and will lead to a drop to the levels of 0.69 and 0.68.

More detailed analytics You can see at our site https://fxfinpro.com/en/analytics

 

Thursday, 12 Nov, 2015 / 12:41

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Increased risk appetite weakens the U.S. Dollar, boosts stocks

The economic figures published yesterday in the U.S. are another factor [...]

Posted on Friday, 16 Apr, 2021 / 11:21 under

Yields plunge, defy logic, after blowout data, but dollar steadies

  US economy firing on all cylinders as data keeps getting [...]

Posted on Friday, 16 Apr, 2021 / 9:42 under

ING believes EUR/USD will break 1.20, and you?

What is moving the markets these days? What are the main drivers of currency [...]

Posted on Thursday, 15 Apr, 2021 / 1:24 under