The Australian dollar was pushed lower after a positive US unemployment figures.
On Friday, the Aussie was trading at 94.22 US cents, down from Thursday’s 94.38 US cents.
US jobless claims dropped to an eight-year low last week by 19,000, said the US Labor Department.
“The Australian dollar has lost ground overnight, currently near 94.20 US cents, well below yesterday’s high of 94.71 after the flash HSBC Chinese manufacturing PMI for July,” said Spiros Papadopoulos, Senior Economist at National Australia Bank.
The initial HSBC purchasing managers’ index released Thursday climbed to 52.0 in July, previously 50.7.
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar was pushed lower after a positive US unemployment figures.
On Friday, the Aussie was trading at 94.22 US cents, down from Thursday’s 94.38 US cents.
US jobless claims dropped to an eight-year low last week by 19,000, said the US Labor Department.
“The Australian dollar has lost ground overnight, currently near 94.20 US cents, well below yesterday’s high of 94.71 after the flash HSBC Chinese manufacturing PMI for July,” said Spiros Papadopoulos, Senior Economist at National Australia Bank.
The initial HSBC purchasing managers’ index released Thursday climbed to 52.0 in July, previously 50.7.
The material has been provided by InstaForex Company – www.instaforex.com
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