Aussie leaps on jobs data

Aussie leaps on jobs data

On Thursday, the Australian dollar leapt on a soar in new jobs because initial Yuan-denominated trade data out of China turned to be a key driver of the currency as a number one trading partner.

The US dollar index, estimating the greenback’s value against a trade-weighted basket of six main currencies, headed south 0.08%, being worth 99.985.

The currency pair AUD/USD leapt 0.60%, trading at 0.7568, while USD/JPY hit 108.8406, tumbling 0.17% with tensions on the Korean peninsula in focus.

In Australia, the major bank is expected to publish its Financial Stability Review with comment that financial institutions are in sound shape in general, though high housing prices could back a look at tightening lending rules just to avoid instability.

In dollar terms, in March exports rallied 16.4 % year-on-year, with imports adding 20.3%, both exceeding expectations.

Overnight, the greenback dipped to session minimums against a basket of key currencies, as Trumps thinks that the greenback is too strong now.

 

 

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