9 Jul 2015
AUD/USD erases gains despite US, Australian data and risk appetite
FXStreet (Córdoba) - AUD/USD is trading around the level it closed yesterday the American session, around 0.7430. During the Asian session the pair jumped after the release of the Australian employment report and peaked at 0.7491, reaching the highest level since Tuesday.
Then lost strength and pulled back. On European hours bombed at 0.7412, rebounded but it was unable to consolidate above 0.7460 and bounced back to the downside.
Between data and limited
The pair remains near multi-year lows, unable to make a sustainable recovery despite weak data form the US. While in the US the jobless claims report was disappointing, in Australia the jobs report showed that the economy added 7.300 jobs in June, better than market expectations.
Shares in Wall Street are rising, with main stock indexes climbing above 1% and European markets are soaring, with gains surpassing 3%. Commodities are also recovering ground. Despite the positive environment for risk, AUD/USD remains limited.
Then lost strength and pulled back. On European hours bombed at 0.7412, rebounded but it was unable to consolidate above 0.7460 and bounced back to the downside.
Between data and limited
The pair remains near multi-year lows, unable to make a sustainable recovery despite weak data form the US. While in the US the jobless claims report was disappointing, in Australia the jobs report showed that the economy added 7.300 jobs in June, better than market expectations.
Shares in Wall Street are rising, with main stock indexes climbing above 1% and European markets are soaring, with gains surpassing 3%. Commodities are also recovering ground. Despite the positive environment for risk, AUD/USD remains limited.