Investing.com – The Australian dollar jumped against its U.S. counterpart on Thursday, hitting a 2-day high after official data showed that more jobs than expected were created in Australia in April.
AUD/USD hit 0.9026 during early European trade, its highest since Tuesday; the pair subsequently consolidated around 0.9006, gaining 0.78%.
The pair was likely to find short-term resistance at 0.9118, the high of May 5, and support at 0.8708, the low of May 6.
Earlier in the day, an Australian Bureau of Statistics report showed that 33,700 jobs were created in Australia in April, taking the number of jobs added to the labor market since August 2009 to more than 250,000.
Meanwhile, the Aussie also surged versus the yen, with AUD/JPY advancing 0.93% to reach 84.11.
Later Thursday, the U.S. Labor Department was due to release data on initial jobless claims, a key indicator of overall economic health.
AUD/USD hit 0.9026 during early European trade, its highest since Tuesday; the pair subsequently consolidated around 0.9006, gaining 0.78%.
The pair was likely to find short-term resistance at 0.9118, the high of May 5, and support at 0.8708, the low of May 6.
Earlier in the day, an Australian Bureau of Statistics report showed that 33,700 jobs were created in Australia in April, taking the number of jobs added to the labor market since August 2009 to more than 250,000.
Meanwhile, the Aussie also surged versus the yen, with AUD/JPY advancing 0.93% to reach 84.11.
Later Thursday, the U.S. Labor Department was due to release data on initial jobless claims, a key indicator of overall economic health.