Aussie gains ground following strong jobs data
2023-03-16 19:08PM UTC

Australian dollar rose against most major rivals, following strong jobs data while concerns about the banking crisis in the US and Switzerland calm down.


The government reported an increase of 64.6 thousand jobs in February, while analysts expected an increase of 46.7 thousand. 


Australia's unemployment fell to 3.5% last month from 3.7%, while analysts expected a drop to 3.6%. 


AUD/USD rose 0.5% to 0.6653 as of 19:02 GMT. 


The Dollar


The dollar index fell 0.3% to 104.3 as of 18:54 GMT, with a session-high at 104.7, and a low at 104.2. 


US unemployment claims fell to 192 thousand in the week ending March 11 from 211 thousand, below estimates of 205 thousand.


The Euro


EUR/USD rose 0.3% to 1.0613, as of 19:05 GMT.


The European Central Bank voted to increase interest rates by 50 basis points for the third time in a row to 3.5%, the highest since 2008, and matching expectations.


The ECB didn't present any details about future moves even as inflation remains stubbornly high.

Forex and Currency News

GBP/USD news


Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
EUR/USD news


Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex News


Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

GBP USD Analysis


The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
EUR USD Analysis


The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Technical Analysis


The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...