2 May 2014
AUD/USD rebounds sharply, rises back above 0.9250
FXStreet (Córdoba) - The AUD/USD bottomed at 0.9200 after the release of the Nonfarm Payroll report in the US, that surpassed expectations, reaching the lowest price in a month but then rebounded sharply and rose more than 60 pips, back to the price it had before NFP.
From 0.9200 the AUD/USD jumped to 0.9274 but then pulled back and currently trades at 0.9255, down 0.19% for the day so far. Initially the US dollar rose across the board but after Wall Street opening erased gains.
According to the ">US employment report the economy added 288,000 jobs is April, above expectations of 210,000. March numbers were revised to the upside, while the unemployment rate fell from 6.7% to 6.3%.
From 0.9200 the AUD/USD jumped to 0.9274 but then pulled back and currently trades at 0.9255, down 0.19% for the day so far. Initially the US dollar rose across the board but after Wall Street opening erased gains.
According to the ">US employment report the economy added 288,000 jobs is April, above expectations of 210,000. March numbers were revised to the upside, while the unemployment rate fell from 6.7% to 6.3%.