Australian Dollar falls on unemployment growth

Source: Bloomberg
The Aussie weakened the most since the beginning of July as the traders anticipate the RBA to cut the interest rates, following the jobless rate reaching its peak since 2002. The Australian Dollar depreciated at least 0.5% against all 31 major peer. The Australia's unemployment rate exceeded the U.S. level for the first time in seven years. The Aussie dropped 0.9% to 92.70 U.S. cents, the biggest fall since June 5th.

 

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Thu, 07 Aug 2014 09:19:09 GMT

Kiwi weakens versus the Greenback

The New Zealand Dollar depreciated against the Greenback today after the demand for the U.S. Dollar remained backed up by the recent array of positive U.S. economic data and as markets anticipate the impending U.S. jobless claims figures. NZD/USD traded at 0.8463 today. The U.S. Dollar remained supported as the data indicated an unforeseen narrowing of the U.S. trade deficit in June. 

Thu, 07 Aug 2014 08:57:08 GMT

Australian unemployment reaches highest level in 12 years

Australia's jobless numbers were larger than the US for the first time since 2007 sending the Aussie into a steep fall. The unemployment data came out at 6.4% rising from 6% as this high of a number was not even seen in the financial crisis, when the boom in Australia's mining helped keep it lower. Furthermore, the AUD/USD dropped from 93.43 to 92.87 after the

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