Investing.com - The Australian dollar, which had previously found some strength against the U.S. dollar in Thursday trade, eased once again against its U.S. counterpart Friday.
In Asian trading Friday, AUD/USD fell 0.62% to 95.82. The pair was likely to find support at 0.9394, the low of June 9 and a 20-month low and resistance at 0.9574, the high of June 7.
The Aussie caught some respite against the greenback during Thursday’s European and U.S. sessions after official data showed that the number of employed people in Australia rose by 1,100 in May, beating expectations for a 10,000 decline , after a 45,000 increase the previous month.
The report also showed that Australia's unemployment rate ticked down to 5.5% last month, from 5.6% in April. Analysts had expected the unemployment rate to remain unchanged in May.
Still, the high beta Aussie did not catch too much of a bid even as U.S. stocks soared Thursday on the back of some positive economic data.
In U.S. economic news out Thursday the U.S. Commerce Department said retail sales rose 0.6% last month after rising just 0.1% in April. Economists expected an increase of 0.4%. Core sales excluding automobiles, gasoline and building materials, rose 0.3% in May after 0.2% increase in April.
The Labor Department said initial claims for jobless benefits fell by 12,000 last week to 334,000. The less volatile four-week moving average fell by 7,250 to 345,250.
The Aussie has been under siege as traders have rejected the commodities and emerging markets trade and as market participants hope for more stimulus out of the Bank of Japan.
Elsewhere, AUD/JPY fell 0.71% to 91.33 while AUD/NZD inched down 0.03% to 1.1903.
In Asian trading Friday, AUD/USD fell 0.62% to 95.82. The pair was likely to find support at 0.9394, the low of June 9 and a 20-month low and resistance at 0.9574, the high of June 7.
The Aussie caught some respite against the greenback during Thursday’s European and U.S. sessions after official data showed that the number of employed people in Australia rose by 1,100 in May, beating expectations for a 10,000 decline , after a 45,000 increase the previous month.
The report also showed that Australia's unemployment rate ticked down to 5.5% last month, from 5.6% in April. Analysts had expected the unemployment rate to remain unchanged in May.
Still, the high beta Aussie did not catch too much of a bid even as U.S. stocks soared Thursday on the back of some positive economic data.
In U.S. economic news out Thursday the U.S. Commerce Department said retail sales rose 0.6% last month after rising just 0.1% in April. Economists expected an increase of 0.4%. Core sales excluding automobiles, gasoline and building materials, rose 0.3% in May after 0.2% increase in April.
The Labor Department said initial claims for jobless benefits fell by 12,000 last week to 334,000. The less volatile four-week moving average fell by 7,250 to 345,250.
The Aussie has been under siege as traders have rejected the commodities and emerging markets trade and as market participants hope for more stimulus out of the Bank of Japan.
Elsewhere, AUD/JPY fell 0.71% to 91.33 while AUD/NZD inched down 0.03% to 1.1903.