AUD/USD rebounds after remaining choppy near the round-level support around 0.6300 in the early New York session. The Aussie asset finds buyers’ inter
est as the market mood improves due to a correction in the US Dollar propelled by weaker-than-anticipated Employment Change data, reported by the Automatic Data Processing agency.
The US Dollar Index corrects to near 106.60 after weak job data. Meanwhile, the Institute of Supply Management has reported the Services PMI data at 53.6 as expected, lower than the August reading of 54.5. The Services PMI data carries a significant impact on theas it represents the service sector, which accounts for two-thirds of the US economy. New Orders dropped significantly to 51.8 against the former release of 57.5.by the Reserve Bank of Australia has trimmed its appeal.
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