Forex: AUD/USD attempting recovery from last week’s losses

on Jul 8, 2013
Listen Monday July 8th:_ The Aussie has been firming against the US dollar in today’s trading so far, seeking to recover some of the lost ground during last week, and in the early European session the pair rose to an intraday high at 0.9093.

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ANZ Bank’s Job Advertisements data for June m/m was released at 02.30 BST today, showing a 1.8 percent reduction after falling 2.5 percent in May. After showing signs of stabilising at the start of the year, job ads have now declined for four consecutive months to be almost seven percent lower than in March.
On Wednesday the quote fell to a three-year low at 0.9034, following remarks by Reserve Bank of Australia governor Glenn Stevens. He said that the RBA’s governing board deliberated for “a very long time” before deciding to leave the cash rate unchanged and that the Australian economy would probably get a lower dollar “if it needed it”.


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AUD Forex