5 Dec 2014
AUD/USD plummets after US employment report to fresh 4-year low
FXStreet (Córdoba) - AUD/USD dropped from 0.8365 to 0.8319 in a few minutes on the back of an upbeat US jobs report that boosted greenback across the board.
According to the US Labor Department, the economy added 321.000 jobs in November, above the 230.000 expected by market consensus while the unemployment rate remained at 5.8% as expected.
During the last few minutes the pair moved slightly off session lows and was trading at 0.8330/35, headed toward the fourth daily decline in a row and the lowest close since June 2010.
Despite falling against the US dollar, the aussie managed to rise versus the yen after NFP. AUD/JPY was trading slightly above 101.00 at the highest in three days.
According to the US Labor Department, the economy added 321.000 jobs in November, above the 230.000 expected by market consensus while the unemployment rate remained at 5.8% as expected.
During the last few minutes the pair moved slightly off session lows and was trading at 0.8330/35, headed toward the fourth daily decline in a row and the lowest close since June 2010.
Despite falling against the US dollar, the aussie managed to rise versus the yen after NFP. AUD/JPY was trading slightly above 101.00 at the highest in three days.