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1 Aug 2014
AUD/USD rises above 0.9300 after employment data
FXStreet (Córdoba) - The AUD/USD bounced of a nearly 2-month low and climbed to fresh daily highs after the release of worse-than-expected US nonfarm payrolls.
US economy created 208,000 new jobs in July versus 233,000 expected while the unemployment rate edged higher to 6.2% versus 6.1% expected. However, June gain was revised up to 298,000 vs 288,000 previously estimated.
The AUD/USD climbed nearly half a cent after data and printed a high of 0.9324, however, the movement lacked momentum. At time of writing, the AUD/USD is trading at 0.9310, where it records a 0.18% gain on the day.
US economy created 208,000 new jobs in July versus 233,000 expected while the unemployment rate edged higher to 6.2% versus 6.1% expected. However, June gain was revised up to 298,000 vs 288,000 previously estimated.
The AUD/USD climbed nearly half a cent after data and printed a high of 0.9324, however, the movement lacked momentum. At time of writing, the AUD/USD is trading at 0.9310, where it records a 0.18% gain on the day.