32,600 Jobs Added! Aussie Dollar Skyrockets!
20 июля 2023
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Key Points:
- Australia added 32,600 jobs in June, far exceeding expectations.
- The Australian dollar surged by over 0.9%, reaching an intra-day high of $0.6834.
- Market sentiment is bullish, with both short and long-term momentum favoring the Aussie.
Australia’s impressive employment report for June, showing a net increase of 32,600 jobs, has driven the Australian dollar up by more than 0.9%, hitting an intra-day peak of $0.6834. This significant employment growth, more than double the initial estimates, has shifted market sentiment towards the bulls, reinforcing the positive outlook for the Aussie dollar.
The surge in the Australian dollar also supported the New Zealand dollar, which gained 0.57% to reach $0.6299. Both currencies are now set to reverse losses from previous trading sessions.
Current price action is trading above the 50 and 200-day moving averages, reinforcing a bullish trend. Meanwhile, the British pound is attempting a recovery after a sharp decline due to weaker-than-expected inflation data, trading slightly higher at $1.2958.
