Forex – Aussie Holds Steady After Mixed Data, Kiwi Moves Higher

© Reuters. Aussie little changed, kiwi higher vs. greenback in late trade – The Australian dollar was steady against its U.S. counterpart on Thursday, after the release of mixed Australian employment data, while the New Zealand dollar moved higher as the greenback remained under pressure.

was almost unchanged at 0.7970, not far from the previous session’s fresh four-month peak of 0.8023.

Earlier Thursday, the Australian Bureau of Statistics said that the number of employed people increased by in December, beating expectations for a 9,000 rise. The number of employed people climbed by 63,600 in November, whose figure was revised from a previously estimated 61,600 gain.

The report also showed that the unemployment rate ticked up to last month from 5.4% in November. Analysts had expected the rate to remain unchanged.

gained 0.28% to trade at 0.7290, close to Wednesday’s four-month high of 0.7332.

Meanwhile, the greenback remained under pressure amid concerns the global economic recovery will outpace U.S. growth and prompt other major central banks, led by the European Central Bank to begin unwinding loose monetary policy at a faster pace than expected.

Expectations that the ECB could soon start to scale back its monetary stimulus program received a boost on Monday after ECB Governing Council member Ardo Hansson said bond purchases could end in one step in September if the economy and inflation develop as expected.

Market participants were also focusing on the risk of a potential U.S. government shutdown on Saturday.

Fresh political tensions in Washington following comments by President Donald Trump on immigration dampened the prospects that a broad spending and immigration deal can be reached by the end of the week, raising the possibility of a government shutdown.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 90.61 by 02:15 a.m. ET (06:15 GMT), after hitting a fresh three-year trough of 89.97 on Wednesday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.