Currency market on December 9
The main attention of traders is paid to the news concerning the US-China developments ahead of the US tariffs deadline scheduled on December 15.
The AUD slumps on the negative jobs data by the RBA
Today, the Australian authorities announced the unemployment rate at 5.3% as expected by the analysts. It signals a 0.1% increase in the number of jobless people since the previous release, while the RBAs target was 4.5%. At the same time, employment fell by 19K. This again shows a worse scenario against the 15K growth forecast.In consequence, the AUD fell drastically against most of the currencies. On the H1 chart of AUDUSD, the price dropped by 43 pips from 0.6839 to 0.6796. Currently, the Australian dollar is in the correction. However, there is no certain indication so far that the trend is planning to revert to the bullish direction. The resistance level may be placed at 0.6839, while the bears may have 0.6796 to watch for. If it is broken, the price will likely go for the support level of 0.6776.
Similar
Currency market on December 6: the NFP Friday
Black Friday for the currency market: the Non-Farm Payrolls are out!
Currency market on December 5
The GBP is surging, the AUD inched lower and the MXN has strengthened
Latest news
Currency market on December 9
The main attention of traders is paid to the news concerning the US-China developments ahead of the US tariffs deadline scheduled on December 15.
5 important events this week will bring us
The UK Parliament election, American and European interest rates announcements and monetary policy press conferences - all of these are going to take place this week.
Is the Fed holding the rate?
The Federal Funds Rate is announced at 21:00 MT time on December 11.
Deposit with your local payment systems
