Graphic Rewind: Dollar Rises on a Mix of Weaker Australian and US Employment
- US Dollar rises to a 4-month high on a decline in Australian employment
- Some greenback gains unwound on disappointing continuing claims
A look back at the past 24 hours of Forex trading using movements in the US Dollar Index:
US Dollar 15-Minute 12:00 01/15 to 12:00 01/16 EST
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In the Asian hours between Wednesday and Thursday, the Australian employment change for December surprised traders with a decline, and AUD/USD declined by 90 pips and to a new 3-year low.
The US Dollar continued to rise over the European session and to trade near the new 4-month high, which now sits at 10,754. However, a lot of the daily gains were unwound on a rise in US continuing claims, which was announced at the start of the NY session.
Charts created by Benjamin Spier using Marketscope 2.0
-- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to firstname.lastname@example.org .
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.