Forex News

The Australian dollar climbed after employment figures were published in the country with

better-than-expected numbers, adding confidence that the economic recovery in the country is accelerating its pace, spurring demand for assets in the South Pacific region.

After unemployment in Australia declined to 5.5 percent and surprised forecasts that expected an increase, the Aussie dollar gained versus most of the main traded currencies, specially lower-yielding options like the Japanese yen, impacted by the growing risk appetite in Australia.

AUD/CAD traded at 0.9579 as of 02:27 GMT from 0.9504 hours before the employment figures were published in Australia.

If you want to comment on the Australian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Related posts:

1. A rise in aussie interest rates broadly strengthens the Australian currency
2. Investors were cautious yesterday ahead of an ECB rate decision, but the euro has rebounded this morning
3. The aussie continues to trade strongly, supported by risk appetite in the market
4. Rate rise to 3.25% in Australia boosts demand for the aussie
5. Euro advanced against the greenback, buoyed by a relatively upbeat ECB rate statement