- Non -agricultural payrolls of the US exceed expectations with 177K, but the Fed is expected to only give three cuts instead of four.
- DXY falls 0.58% to 99.59, feeding the demand for risk -sensitive currencies such as the Australian dollar.
- Operators favor the AU as the appetite improves for the risk and policy perspectives of the USA. They continue to depend on the data.
The Australian dollar shot at a new maximum of the year (YTD) of 0.6469, winning more than 1.20% after a solid employment report in the United States (USA) that suggests that the economy remains solid.
The Aud/USD jumps 1.20% to 0.6469 while the dollar weakens for changes in the feats of fees of the Fed and an optimistic feeling of risk
Non -agricultural payroll figures in April increased by 177K, above the projected 130K, and were below the numbers reviewed down 185k. The unemployment rate remained unchanged as expected in 4.2% and reaffirms the federal reserve position (Fed) to wait for hard data to dictate monetary policy.
Therefore, operators who expected four feat cuts according to futures of federal funds now expect three.
Despite the solid data, the Australian dollar is also rising as the US dollar index (DXY) collapses. The DXY, which tracks the performance of the American dollar against a basket of six peers, has dropped 0.58% to 99.59.
Aud/USD – Diario Price Graph
Although new annual maximums are reached, operators should know that the simple mobile average (SMA) of 200 days at 0.6461 is the first level of resistance. A decisive break will expose the figure of 0.6500 and the peak of November 25 at 0.6549. A 200 -day SMA failure would exacerbate a setback towards 0.6400 and reduce the exchange rate.
Australian dollar price this year
The lower table shows the rate of change of the Australian dollar (AUD) compared to the main currencies this year. Australian dollar was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -8.65% | -5.84% | -8.24% | -4.16% | -3.99% | -6.08% | -9.02% | |
| EUR | 8.65% | 3.13% | 0.54% | 5.00% | 5.14% | 2.90% | -0.32% | |
| GBP | 5.84% | -3.13% | -2.50% | 1.83% | 1.95% | -0.22% | -3.34% | |
| JPY | 8.24% | -0.54% | 2.50% | 4.45% | 4.65% | 2.38% | -0.82% | |
| CAD | 4.16% | -5.00% | -1.83% | -4.45% | 0.07% | -2.02% | -5.08% | |
| Aud | 3.99% | -5.14% | -1.95% | -4.65% | -0.07% | -2.12% | -5.17% | |
| NZD | 6.08% | -2.90% | 0.22% | -2.38% | 2.02% | 2.12% | -3.13% | |
| CHF | 9.02% | 0.32% | 3.34% | 0.82% | 5.08% | 5.17% | 3.13% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Australian dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the Aud (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
