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5 Jun 2014
AUD/USD rallies on weaker US data
FXStreet (London) - AUD/USD has climbed higher on the session with some support of risk appetite helping to lift the higher-yielding AUD.
While markets have been focussed on the news coming from the European Central Bank and the comments from ECB president Mario Draghi, US initial jobless claims cam in higher than expected, taking the edge off some of the optimism ahead of tomorrow’s US non-farm payroll numbers.
AUD/USD traded to a high of USD0.9301 on the weaker numbers, before seeing some declines to its current USD0.9310 spot price, remaining up 0.34 percent on the session.
While markets have been focussed on the news coming from the European Central Bank and the comments from ECB president Mario Draghi, US initial jobless claims cam in higher than expected, taking the edge off some of the optimism ahead of tomorrow’s US non-farm payroll numbers.
AUD/USD traded to a high of USD0.9301 on the weaker numbers, before seeing some declines to its current USD0.9310 spot price, remaining up 0.34 percent on the session.