Investing.com - The Australian dollar continued grinding lower against its U.S. counterpart during Thursday’s Asian session despite some upbeat jobs data.
In Asian trading Thursday, AUD/USD fell 0.25% to 0.9461, though that is off the session low of 0.9430. The pair was likely to find support at 0.9326, Tuesday's low and a 20-month low and resistance at 0.9574, the high of June 7.
The Aussie fell even after the Australian Bureau of Statistics said that Australian unemployment was unchanged at 5.5% last month. Analysts expected a slight increase to 5.6%. The Australian Bureau of Statistics added that employment there rose by just 1,100 jobs in May after an April increase of 50,100 jobs. Analysts expected a decrease of 10,000 jobs.
Those data points come a day after the Westpac Banking Corporation said consumer sentiment rose 4.7% in June, after a 7% decline the previous month.
Traders will now turn their attention to retail sales and weekly jobless claims data from the U.S., both of which are scheduled to be reported later Thursday.
AUD/NZD surged 0.53% to 1.1935 after the Reserve Bank of New Zealand made no changes to interest rates.
Earlier Thursday, RBNZ opted to keep interest rates at a record low of 2.5% while reiterating its commitment to keep rates low through the end of this year. RBNZ has been steadfast in its commitment to not alter rates this year and some traders expect the central bank will raise rates early in 2014.
AUD/JPY plunged 1.55% to 89.64 while EUR/AUD climbed 0.50% to 1.4134.
In Asian trading Thursday, AUD/USD fell 0.25% to 0.9461, though that is off the session low of 0.9430. The pair was likely to find support at 0.9326, Tuesday's low and a 20-month low and resistance at 0.9574, the high of June 7.
The Aussie fell even after the Australian Bureau of Statistics said that Australian unemployment was unchanged at 5.5% last month. Analysts expected a slight increase to 5.6%. The Australian Bureau of Statistics added that employment there rose by just 1,100 jobs in May after an April increase of 50,100 jobs. Analysts expected a decrease of 10,000 jobs.
Those data points come a day after the Westpac Banking Corporation said consumer sentiment rose 4.7% in June, after a 7% decline the previous month.
Traders will now turn their attention to retail sales and weekly jobless claims data from the U.S., both of which are scheduled to be reported later Thursday.
AUD/NZD surged 0.53% to 1.1935 after the Reserve Bank of New Zealand made no changes to interest rates.
Earlier Thursday, RBNZ opted to keep interest rates at a record low of 2.5% while reiterating its commitment to keep rates low through the end of this year. RBNZ has been steadfast in its commitment to not alter rates this year and some traders expect the central bank will raise rates early in 2014.
AUD/JPY plunged 1.55% to 89.64 while EUR/AUD climbed 0.50% to 1.4134.