DirectFX-phone-number-and-phone-image3.gif

p_7_top.jpg

Get a free Quote

Name
Email
Phone
From CCY
To CCY
Amount
Message
please type the characters you see:
(spam filter)
spam control image
 
p_1_top.gif

Apply now

Obligation free account and currency commentary btn_apply_for.gif
p_1_bottom.gif
Browse By Topic
Archive

FX News

Most recent FX News:

Read more

Australian Employment numbers slightly better than expected.

Written by Sam Coxhead on October 13th, 2011.      0 comments

11:55 AM (AEST) Australian employment numbers just released showed there 20.4k people added to the workforce in September and this gave a unemployment rate of 5.2%, vs the expectation of a 5.3% number. Improving the tone of the release was the downward revision of the previous month from 5.3% to 5.2%, the Australian dollar continued its stellar run on the release reaching the highs of the week at 1.0232 before softening a little.
 
This week’s performance from the growth currencies and the AUD in particular has been equally impressive and surprising. The reversal of the fortunes of the recent US dollar strength has been self for filling as reports of large liquidations of bought US dollar hedge fund positions filter through the market.
 
The situation in Europe does seem a little more positive, but certainly not to the extent of the moves this week. It looks like Slovakia will be able to finally organize itself and pledge the last remaining vote to extend the European Financial Stability Fund(EFSF), and this should have been seen as a foregone conclusion. The details of the Franco/German plan to provide capitalization stability for the European banks remain vague at best in the public arena, and there remains three weeks before these are likely to be released. The US economic data has seen a slight improvement of late and hopes are for a better 2nd half to 2011 than the first, the  levels of growth remain very low.
 
At any rate , various market moves remain dislocated and only one things is certain, the volatility will remain!
 
          Past 24 hours
  Current level Pre- AU EMPLY  % Chge AU EMPL   Low High
NZD/USD 0.7955 0.7941 0.18%   0.7661 0.7996
AUD/USD 1.0205 1.0152 0.52%   0.9729 1.0232
NZD/AUD 0.7795 0.7825 -0.38%   0.7779 0.7884
AUD/NZD 1.2829 1.2780 0.38%   1.2684 1.2855
NZD/GBP 0.5052 0.5049 0.06%   0.4929 0.5071
NZD/EUR 0.5770 0.5767 0.05%   0.5693 0.5789
NZD/YEN 61.36 61.20 0.26%   58.80 61.87
NZD/CAD 0.8103 0.8090 0.16%   0.7950 0.8110
 
 

Comments