AUD/USD climbs to over one-week high, eyes 50/200 DMA confluence hurdle – by hareshmenghani AUDUSD Employment Fed Recession Currencies
Thursday. The momentum lifts spot prices to over a one-week high, around the 0.6735 region during the first half of the European session and is sponsored by a combination of factors.
The Australian Dollar is drawing support from the upbeat domestic jobs data, which showed that the jobless rate stayed near a 50-year low level of 3.5% and the number of employed people rose by 53K in March, more than the 20K expected.
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