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Australian Dollar Rises Despite Strong US NFP
Developing
In Short: The Australian Dollar (AUD) has edged higher against the US Dollar (USD), despite robust US Non-Farm Payroll (NFP) figures, as China seeks to stabilize its financial system.
The Australian Dollar (AUD) has edged higher against the US Dollar (USD), despite robust US Non-Farm Payroll (NFP) figures, which came in above the market consensus of 56,000 and registered the largest gain in five months.
The strong NFP data typically strengthens the USD, but the AUD has managed to rise above 0.7200, indicating resilience in the currency despite the positive US economic indicators.
What's confirmed
What's still developing
- The Australian Dollar (AUD) edges higher against the US Dollar (USD) as China seeks to shore up capital across its financial system.
Sources
- FXStreetlink