Forex News

The Australian dollar climbed after employment figures were published in the country with better-than-expected numbers, adding confidence that the economic recovery in the country is accelerating its pace, spurring demand for assets in the South Pacific region.

After unemployment in Australia declined to 5.5 percent and surprised forecasts that expected an increase, the Aussie dollar gained versus most of the main traded currencies, specially lower-yielding options like the Japanese yen, impacted by the growing risk appetite in Australia.

AUD/CAD traded at 0.9579 as of 02:27 GMT from 0.9504 hours before the employment figures were published in Australia.

If you want to comment on the Australian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Earlier News About the Australian Dollar:

• Aussie Dollar Falls on New Home Loans (2010-01-12)
• Aussie Hits Record High on Commodities (2010-01-06)
• Aussie Dollar May Gain on Commodities (2010-01-04)
• Australian Dollar to Decline on Interest Rate Outlook (2009-12-20)
• Aussie Dollar Drops on Monetary Policy Change (2009-12-16)

This entry was posted on Thursday, January 14th, 2010 at 4:30 am and is filed under Australian Dollar. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.