Back
13 Jun 2013
AUD/USD wavers after US data
FXstreet.com (Córdoba) - The AUD/USD saw a short-lived dip in the wake of the latest string of US data, which showed jobless claims fell more than expected last week, while retail sales exceeded expectations in May.
AUD/USD dropped nearly 30 pips to the 0.9540 zone as knee-jerk reaction but quickly bounced to pre-data levels. At time of writing, AUD/USD is trading at the 0.9570/75 zone, where it records a 1.0% daily gain.
AUD/USD rally falters ahead of 0.9600
The Australian dollar was underpinned by domestic employment data, but the rally found resistance at the 0.9585 zone most recently, confining the AUD/USD to a phase of consolidation.
AUD/USD dropped nearly 30 pips to the 0.9540 zone as knee-jerk reaction but quickly bounced to pre-data levels. At time of writing, AUD/USD is trading at the 0.9570/75 zone, where it records a 1.0% daily gain.
AUD/USD rally falters ahead of 0.9600
The Australian dollar was underpinned by domestic employment data, but the rally found resistance at the 0.9585 zone most recently, confining the AUD/USD to a phase of consolidation.