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The Australian dollar rebounded for the second consecutive session since its July 3 low against the US dollar following developments and economic data that followed Thursday on the Australian economy and on the eve of developments and developments. economic data expected by the US economy. World Economy
At 15:29 GMT, the AUDUSD rose 0.32% to 0.7422, compared with the opening levels of 0.7398 after the pair reached a high level in the Reunion trading at 0.7441, while to a minimum of 0.7395.
This followed the Australian economy revealing June labor market data that showed a stable unemployment rate of 5.4% in line with expectations, unchanged from the previous May reading, showing the index of change in employment rose to about 50.9K from 13.4K in May, exceeding expectations by about 16.7K.
This coincided with the NAB Business Confidence Index (NAB), showing a contraction in the second quarter at 7 vs. 8 in the first quarter, which occurred a few hours after the meeting. The Reserve Bank of Australia (BOE), which discussed rising interest rates at the end of 2019, coincided with a 1.50% interest rate for the 21st. consecutive meeting.
In contrast, markets are looking for the US economy to publish weekly reading of the index of aid requests, which could translate an increase of 6 thousand claims to about 220 thousand claims during the week of July 14, while the weekly reading could Pursuit of the decline from 14K to about 1725K during the week of July 7.
This comes in conjunction with the disclosure of the Philadelphia Manufacturing Index, which could reflect an expansion to 21.5 from 19.9 in June, before we see the member's opening remarks. Federal Open Market Committee Randall Quarles at a meeting The round table on alternative interest rates, leading to the publication of leading indicators that could show an acceleration of growth to 0.5% against 0.2% in May.
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