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8 May 2015
AUD/USD wavers after US nonfarm payrolls
FXStreet (Córdoba) - AUD/USD spiked to fresh daily highs but quickly turned lower as investors continue to assess the US nonfarm payrolls figures.
The US economy added 223,000 new jobs in April, slightly below the 224,000 expected. The unemployment rate edged down to 5.4% in April from 5.5%. However, March figures were revised down, showing a 85,000 job gain from 126,000 previously estimated.
AUD/USD initially moved higher and printed a high of 0.7947, before falling all the way to 0.7875. At time of writing, the pair has returned to pre data levels around 0.7895, where it trades virtually unchanged on the day.
The US economy added 223,000 new jobs in April, slightly below the 224,000 expected. The unemployment rate edged down to 5.4% in April from 5.5%. However, March figures were revised down, showing a 85,000 job gain from 126,000 previously estimated.
AUD/USD initially moved higher and printed a high of 0.7947, before falling all the way to 0.7875. At time of writing, the pair has returned to pre data levels around 0.7895, where it trades virtually unchanged on the day.