8 Jul 2015
AUD/USD rises modestly after Fed minutes, still near multi-year lows
FXStreet (Córdoba) - AUD/USD rose modestly after the release of the Fed minutes that had little impact on the currency market. The pair climbed from 0.7405 to 0.7440, holding below session highs that lie at 0.7450.
The pair dropped earlier to 0.7370, reaching the lowest level since May 2009. And the bounced modestly to the upside, trimming most of the losses.
Old minutes, Australian jobs report eyed
Greenback remained mostly steady in the market after the Fed document showed that while some officials warned about a rate hike, others think that conditions are met for a liftoff. The minutes from the June 17 meeting did not bring new arguments to traders. Back then, Janet Yellen gave a press conference and anticipated what the minutes are showing. The Chair of the Fed will be speaking next week at the Congress to present the semi-annual monetary policy report.
Attention now turns to the Asian session, where at 01:30 GMT the Australian jobs report will be released and it is likely to impact on the aussie. Employment is expect to dropped by 5.000, after soaring last month by 42.000 while according to market consensus the unemployment rate would rise from 6.0% to 6.1%.
The pair dropped earlier to 0.7370, reaching the lowest level since May 2009. And the bounced modestly to the upside, trimming most of the losses.
Old minutes, Australian jobs report eyed
Greenback remained mostly steady in the market after the Fed document showed that while some officials warned about a rate hike, others think that conditions are met for a liftoff. The minutes from the June 17 meeting did not bring new arguments to traders. Back then, Janet Yellen gave a press conference and anticipated what the minutes are showing. The Chair of the Fed will be speaking next week at the Congress to present the semi-annual monetary policy report.
Attention now turns to the Asian session, where at 01:30 GMT the Australian jobs report will be released and it is likely to impact on the aussie. Employment is expect to dropped by 5.000, after soaring last month by 42.000 while according to market consensus the unemployment rate would rise from 6.0% to 6.1%.