Aussie goes up, NZD slides
On Thursday, the Australian dollar went up against its American rival, being driven by the release of quite positive Australian employment data. Meanwhile, the New Zealand dollar edged down 1%, as sentiment on the evergreen buck improved.
In general, the currency pair AUD/USD traded at 0.7661, showing a 0.10% ascend.
The Australian Bureau of Statistics on Thursday informed that in March the total number of employees surged by 26,100, thus beating expectations for a 20,000 rise. In February, the number of employees dipped by 700 – the figure got revised from a previously estimated 300 revenue.
The report also disclosed that last month Australian’s unemployment rate fell to 5.7% from February’s outcome of 5.8%, ruining expectations for a 5.9% surge.
Apart from that, NZD/USD traded at 0.6847 or a 1.05% loss.
After Wednesday’s upbeat Chinese trade data eased worries regarding the outlook for global economic growth, sentiment on the US dollar improved.
In addition to this, Chinese exports leapt 11.5%, it appeared to be the first surge since June.