Forex – Aussie Ticks Higher Ahead Of Trade Data, Nonfarm Payrolls Awaited

© Reuters. Aussie up in ASia

Investing.com – The Aussie rose slightly in early Asia on Friday ahead of trade figures with the big focus of the day on US with analysts forecasting a gain of 190,000 jobs.

traded up 0.01% to 0.7865, while changed hands at 112.78, up 0.03%.

Australia reports its for November with an A$550 million surplus seen.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted down 0.32% to 91.60.

Overnight, the dollar continued to languish at there-month lows on Thursday as an upbeat labor market report failed spark a rebound in the greenback amid pressure from a rally in the euro to nearly three-year highs.

The dollar gave up most of its gains from Wednesday’s session as the prospect of the Fed adopting a more aggressive path to monetary policy tightening amid upbeat economic data did little to lift sentiment on the greenback.

Private payrolls grew by 250,000 for December, a sharp increase from the 185,000 private jobs created in the previous month, according to a report released Wednesday by ADP and Moody’s Analytics. That beat economists’ forecast of 191,000.

The U.S. Department of Labor reported Thursday that initial jobless claims increased 5,000 to a seasonally adjusted 250,000 for the week ended Dec. 30, missing forecasts of a 3,000 increase.

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.

Comments

comments