Investing.com – The Australian dollar eased up to a fresh 29-year high against its U.S. counterpart on Monday, supported by increased risk appetite after Friday’s better-than-expected U.S. employment data.
AUD/USD hit 1.0417 during late Asian trade, the pair’s highest since it was floated in December 1983; the pair subsequently consolidated at 1.0389, easing up 0.03%.
The pair was likely to find support at 1.0312, last Friday’s low and resistance at 1.0500.
On Friday, government data showed the U.S. unemployment rate fell for the fourth straight month in March to 8.8%, from 8.9%.
In addition, the US non-farm payrolls data showed the world's largest economy added 216,000 jobs last month, beating the forecast of 188,000.
The Aussie was also higher against the yen, with AUD/JPY easing up 0.09% to hit 87.38.
Also Monday, a report compiled by the Australia and New Zealand banking group said the number of jobs advertised online and in newspapers rose for the 11th straight month in March, as demand for labor accelerated amid the reconstruction in Queensland.
AUD/USD hit 1.0417 during late Asian trade, the pair’s highest since it was floated in December 1983; the pair subsequently consolidated at 1.0389, easing up 0.03%.
The pair was likely to find support at 1.0312, last Friday’s low and resistance at 1.0500.
On Friday, government data showed the U.S. unemployment rate fell for the fourth straight month in March to 8.8%, from 8.9%.
In addition, the US non-farm payrolls data showed the world's largest economy added 216,000 jobs last month, beating the forecast of 188,000.
The Aussie was also higher against the yen, with AUD/JPY easing up 0.09% to hit 87.38.
Also Monday, a report compiled by the Australia and New Zealand banking group said the number of jobs advertised online and in newspapers rose for the 11th straight month in March, as demand for labor accelerated amid the reconstruction in Queensland.