OANDA

AUD commentary [20/07/17]

News   •   Jul 20, 2017 10:13 +08

The Australian Jobs data just missed estimates, but this is robust enough to push the Aussie dollar higher with the full-time employment change greater than expected. On cue, Australia 3-year yield is trading at the highest since Dec 2015, following full-time employment change.

The Aussie is stalling after the initial move suggesting some initial profit taking setting. Regardless the A$ continues with its gravity defying act, and push through A$80 is likely in the cards.