Australian Dollar Climbs on Employment Improvent
The Australian government brought risk appetite high in the beginning of this Thursday trading session after an employment report published in the country showed better than expected figures, attracting investors to purchase assets in the South Pacific region.
After an employment report indicating that 52k new jobs were created in Australia in January, the Aussie advanced versus multiple important currencies, as the economic performance in the South Pacific region is providing better results then other economic regions around the world. Today’s advance in employment was the highest in 3 years setting unemployment rate to 5.3 percent.
AUD/USD traded at 0.8879 as of 02:59 GMT from a previous intraday rate of 0.8749.
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 Unchanged Rates (2010-02-02)
- Australian Dollar Pare Losses on Inflation (2010-01-26)
- Australian Dollar Down on Chinese Risk Aversion (2010-01-15)
- Australian Dollar Rallies on Interest Rate Outlook (2010-01-15)
- Australian Dollar Climbs on Unemployment Rate (2010-01-14)
