- The US NFP beats in 177K, but Fed saw only three cuts instead of four.
- DXY dropped 0.58% to 99.59, fuel demand for currencies that were risk -sensitive such as Aussie.
- Entrepreneurs favors the AUD while the appetite of risk improves and the US policy perspective remains to rely on data.
Australia's dollar has increased in a New Year-to-date (YTD) high of 0.6469, gaining more than 1.20% following a strong job report in the United States (US) that suggested that the economy remains stable.
Jump the AUD/USD 1.20% to 0.6469 while the dollar weakens the transfer rate of the cut cuts of cutting and sentiments at risk
Nonfarm payroll figures in April rose 177K, from 130k expected, and rode down the downfall of 185k numbers. The unemployment rate does not change as expected at 4.2% and re -proves the postral reserve (FED) posture waiting for tough data to dictate the financial policy.
Therefore, entrepreneurs who expect the four rates of deductions according to Fed Futures fund rates today are expected of three.
Despite the strong data, the Aussie dollar is also rising as the collapse of the US dollar index (DXY). The DXY that monitors the American dollar performance against a basket of six peers, drops 0.58% to 99.59.
AUD/USD price chart – day -day
Although hitting new annual highs, entrepreneurs should know that the 200-day simple transfer of average (SMA) to 0.6461 is the first level of resistance. A decisive rest will expose the 0.6500 figure and the November 25 peak to 0.6549. The 200-day SMA failure will exacerbate a pullback towards 0.6400 and lower the exchange rate.
Australian dollar prices this year
The table below shows the percentage change of Australian dollar (AUD) against the listed major currencies this year. The Australian dollar is the strongest 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 change of basic currencies against each other. The base currency is taken from the left column, while the quote currency is taken from the top row. For example, if you choose the Australian dollar from the left column and move to the horizontal line in the US dollar, the percentage change shown in the box represents AUD (Base)/USD (quote).
