empty
 
 

2014.07.1104:23:36UTC+00Australian dollar recovers Thursday's losses

The Australian dollar tumbled below 94 US cents, recuperating some of its losses it endured in the light of dissatisfying jobs figures.

On Friday, Aussie was at 93.86 US cents, up from Thursday’s 93.69 US cents.

The currency dropped Thursday following labor force data reflected the unemployment rate touched 6.0% in June. It was also weighed down by disappointing Chinese trade figures and woes over Banco Espirito Santo, Portugal’s largest bank.

“The Australian dollar was recovering and consolidating on Friday. It had very steep losses from the jobs numbers and the China trade numbers and then another sell-off in the London morning, either on speculation about Reserve Bank of Australia policy or the Portugal worries,” said Sean Callow, Senior Currency Strategist at Westpac.

On the other hand, Australian bond futures prices climbed. The three-year bond was up at 97.400, to 2.600% while the 10-year bond rose to 96.565, to 3.435%.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback