9 Jan 2015
AUD/USD taking back the 0.82 handle
FXStreet (Guatemala) - AUD/USD has been bid on the closing session, moving up tot he 0.82 handle for the first time since the final day of 2014.
The Aussie has benefitted from a sell off in the greenback due to the mixed results and outlook for the Us economy in respect of the Nonfarm Payroll numbers, giving the bulls the nod after a number of failures to the downside ahead of key supporting zone.
The US labour market finished the year strongly and the numbers came in slightly better than expected at 252K vs a 240K expected with significant upward revision to the previous months’ data. This initially gave the greenback a boost, but while looking further int the date, the hourly earnings printed very badly with both headline (AHE) series at 1.7% y/y and on the older, non-supervisory series which fell from 2.2 to 1.6% y/y, as explained by Kit Jukes, head of foreign exchange research at Societe Generale. This has set the US dollar back and has given the downtrend in the Aussie some resistance.
The Aussie has benefitted from a sell off in the greenback due to the mixed results and outlook for the Us economy in respect of the Nonfarm Payroll numbers, giving the bulls the nod after a number of failures to the downside ahead of key supporting zone.
The US labour market finished the year strongly and the numbers came in slightly better than expected at 252K vs a 240K expected with significant upward revision to the previous months’ data. This initially gave the greenback a boost, but while looking further int the date, the hourly earnings printed very badly with both headline (AHE) series at 1.7% y/y and on the older, non-supervisory series which fell from 2.2 to 1.6% y/y, as explained by Kit Jukes, head of foreign exchange research at Societe Generale. This has set the US dollar back and has given the downtrend in the Aussie some resistance.