Investing.com – The Australian dollar pared gains against its U.S. counterpart on Thursday, pulling back from the daily high after official data showed that U.S. initial jobless claims fell last week to their lowest level since July.
AUD/USD retreated from 0.9819, the daily high to hit 0.9774 during European afternoon trade, gaining 0.54%.
The pair was likely to find support at 0.9651, Wednesday’s low and resistance at 0.9867, Wednesday’s high.
Earlier in the day, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 23 fell to a seasonally adjusted 434K, after falling to a revised 455K in the preceding week.
Analysts had expected initial jobless claims to remain unchanged at 455K in the week ending October 23.
Meanwhile, the Aussie was down against the euro, with EUR/AUD gaining 0.36% to hit 1.4217.
Also Thursday, data showed that Australia’s CB leading index rose 0.2% in August after rising 0.8% in July.
AUD/USD retreated from 0.9819, the daily high to hit 0.9774 during European afternoon trade, gaining 0.54%.
The pair was likely to find support at 0.9651, Wednesday’s low and resistance at 0.9867, Wednesday’s high.
Earlier in the day, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 23 fell to a seasonally adjusted 434K, after falling to a revised 455K in the preceding week.
Analysts had expected initial jobless claims to remain unchanged at 455K in the week ending October 23.
Meanwhile, the Aussie was down against the euro, with EUR/AUD gaining 0.36% to hit 1.4217.
Also Thursday, data showed that Australia’s CB leading index rose 0.2% in August after rising 0.8% in July.