Investing.com - The Australian dollar rose against its U.S. counterpart on Thursday, boosted by upbeat Australian employment data and as Wednesday's strong German industrial production report continued to support risk sentiment.
AUD/USD hit 1.0254 during late Asian trade, the pair's highest since May 6; the pair subsequently consolidated at 1.0241, advancing 0.68%.
The pair was likely to find support at 1.0165, the session low and resistance at 1.0307, the high of May 6.
The number of employed people in Australia rose by 50,100 in April, official data showed, far more than the expected 12,000 increase, after a 31,200 decline the previous month.
A separate report showed that Australia's unemployment rate ticked down to 5.5% last month, from 5.6% in March. Analysts had expected the unemployment rate to remain unchanged in April.
On Wednesday, data showed that German industrial output jumped 1.2% in March, confounding expectations for a 0.1% decline.
The data fuelled optimism over the outlook for first quarter growth in the euro zone’s largest economy after Germany’s gross domestic product contracted by 0.5% in the three months to December.
The Aussie was steady against the New Zealand dollar with AUD/NZD easing up 0.02%, to hit 1.2105.
Also Thursday, official data showed that the number of employed people in New Zealand rose by 1.7% in the first quarter, beating expectations for a 0.8% increase, after a 1% decline in the previous quarter.
A separate report showed that New Zealand's unemployment rate fell to 6.2% in the last quarter, from 6.9% in the fourth quarter, compared to expectations for a decline to 6.8%.
Later in the day, the U.S. was to release official data on initial jobless claims.
AUD/USD hit 1.0254 during late Asian trade, the pair's highest since May 6; the pair subsequently consolidated at 1.0241, advancing 0.68%.
The pair was likely to find support at 1.0165, the session low and resistance at 1.0307, the high of May 6.
The number of employed people in Australia rose by 50,100 in April, official data showed, far more than the expected 12,000 increase, after a 31,200 decline the previous month.
A separate report showed that Australia's unemployment rate ticked down to 5.5% last month, from 5.6% in March. Analysts had expected the unemployment rate to remain unchanged in April.
On Wednesday, data showed that German industrial output jumped 1.2% in March, confounding expectations for a 0.1% decline.
The data fuelled optimism over the outlook for first quarter growth in the euro zone’s largest economy after Germany’s gross domestic product contracted by 0.5% in the three months to December.
The Aussie was steady against the New Zealand dollar with AUD/NZD easing up 0.02%, to hit 1.2105.
Also Thursday, official data showed that the number of employed people in New Zealand rose by 1.7% in the first quarter, beating expectations for a 0.8% increase, after a 1% decline in the previous quarter.
A separate report showed that New Zealand's unemployment rate fell to 6.2% in the last quarter, from 6.9% in the fourth quarter, compared to expectations for a decline to 6.8%.
Later in the day, the U.S. was to release official data on initial jobless claims.