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Australian Dollar Edges North after Solid Jobs Data - Where to for AUD/USD?
The Australian Dollar nudged higher after jobs data came in above forecasts to match the lowest unemployment rate since the 1970s. The unemployment rate dipped to 3.5% in February against the 3.6% anticipated and 3.7% prior. 64.6k Australian jobs were added in the month, which was above the 50k anticipated and -10.9k previously. The tick-up in AUD/USD comes after a whippy week in the face of evolving turmoil across global markets. The price action has reflected the gyrations seen in the US Dollar after the collapse of three US regional banks and now the pressure emerging on Republic Bank and Credit Suisse. The ... (full story)
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- Posted: Mar 15, 2023 10:49pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 913
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