THE Australian dollar is higher following the release of US economic data and the result of the UK general election.
At 0630 AEST on Monday, the local unit was trading at 79.43 US cents, up from 79.11 cents on Friday.
Westpac senior market strategist Imre Speizer said the dollar had been impacted by “volatile” currency movements overseas following the release of US non-farm payroll data and the result of the UK general election.
He said the local currency “ended in New York little changed ... with lots of payrolls-related volatility in between”.
US non-farm payrolls rose 228,000 in April, which was just short of market expectations, with the unemployment rate of 5.4 per cent matching expectations.
CURRENCY SNAPSHOT AT 0630 AEST ON MONDAY
One Australian dollar buys:
* 79.43 US cents, from 79.11 cents on Friday
* 95.02 Japanese yen, from 94.90 yen
* 70.90 euro cents, from 70.66 euro cents
At 0630 AEST on Monday, the local unit was trading at 79.43 US cents, up from 79.11 cents on Friday.
Westpac senior market strategist Imre Speizer said the dollar had been impacted by “volatile” currency movements overseas following the release of US non-farm payroll data and the result of the UK general election.
He said the local currency “ended in New York little changed ... with lots of payrolls-related volatility in between”.
US non-farm payrolls rose 228,000 in April, which was just short of market expectations, with the unemployment rate of 5.4 per cent matching expectations.
CURRENCY SNAPSHOT AT 0630 AEST ON MONDAY
One Australian dollar buys:
* 79.43 US cents, from 79.11 cents on Friday
* 95.02 Japanese yen, from 94.90 yen
* 70.90 euro cents, from 70.66 euro cents
No comments:
Post a Comment