AUD / USD: the decline will continue
momentum to continue reducing the Australian dollar received today after
the publication of weak employment data in Australia.
data released on Thursday, the share of labor in total
the population declined in April (64.8% versus 64.9% in March), the number of new jobs
Places in Australia in April 10800 (estimate 12 000 and 25 700 in March), unemployment
Australia in April remained at the level of 5.7%.
Reducing the number of hours worked in all sectors of the economy (-17.9
million) indicate a weakening of employment growth pulse.
yesterday’s sharp strengthening of the US dollar against the publication of protocols
Fed meeting, which was held on April 26-27, on Thursday, the Australian dollar and the pair
AUD / USD continues to decline, trading
the lows in nearly three months.
protocols Fed rate hike in June is called explicitly possible.
protocol states that “… if in the 2nd quarter economic data will be
meet the accelerating economic growth, labor market conditions
continue to improve, and inflation will approach the target level of 2%, then,
It would probably be feasible to increase the target range for the Fed rate in June".
currency will remain under pressure also because of renewed price cuts
metals and iron ore, the main components of the export economy. Growth
expectations about the Fed raising interest rates has a negative impact on the propensity
risk appetite, putting pressure on the stock market and commodity currencies.
interest rate cut in Australia at the beginning of the month to a level of 1.75% of steam
AUD / USD has lost to date more than 400 points. In view of the expectations of even
a lowering of the interest rate the pair AUD / USD will continue to decline.
way for a month or less pair AUD / USD could well reach
pay attention to the performance of the US Federal Reserve Stenli Fishera, Vice-Chairman
New York (13:15 GMT). If Fisher will support a rate hike in June, it
could trigger a further increase in the US dollar.
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