The Australian dollar rose in Thursday trading after it saw a fluctuation during yesterday's trading against the US dollar, the rise in the Australian currency levels comes despite the Australian labor market data, which came less than expected.
Trading the Australian dollar against the US dollar is currently at the level of 0.7628 after recording the highest at 0.7638 and the session was opened today at the level of 0.7594 and the lowest level at 0.7591. This comes after it rose this week to its highest level in ten weeks at 0.7658.
Released today by the Australian economy data on the change index in employment during the month of June to come to the actual reading and experiencing high value of 7.9 thousand jobs, compared with expectations of $ 10.1 thousand jobs were previous reading value of 19.2 thousand having been modified from 17.9 thousand jobs.
On the other hand, the unemployment rate rose to become 5.8% and consensus expectations while the previous reading indicate an increase of 5.7%.
On the other hand, saw a decline in the US dollar against major currencies since yesterday's trading which helped lift the Australian dollar levels in light of the inverse relationship between them.
Trading the dollar index, which tracks the dollar's performance against a basket of major currencies, is currently at the level of 96.20 after it opened today's session at the 96.29 level, while the lowest level has been recorded at 96.17 after recording the highest at 96.31 this comes after the dollar index fell this week to its lowest the level of the week at 96.04.
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