Australia’s dollar retreated from the highest in a week after a report today showed the nation’s jobless rate climbed even as employers boosted hiring.
A gauge of the dollar fell to a one-week low amid bets U.S. interest rates will remain near zero this year after minutes of the Federal Reserve’s most recent meeting failed to offer clues on the timing of increases. A measure of volatility in the greenback against the yen was near a record low before Fed Vice Chairman Stanley Fischer and Kansas City Fed President Esther George speak. The Aussie extended declines after official data indicated growth in Chinese imports and exports was less than economists estimated.
The jobs data was “overall a mixed bag, and that’s something we’re seeing with the Aussie as well,” said Divya Devesh, a foreign-exchange analyst at Standard Chartered Plc in Singapore. “The initial reaction was higher, but since then it hasn’t really moved that much.”
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015