The post AUD/USD recovers above 0.6500 on renewed USD weakness appeared on BitcoinEthereumNews.com.

AUD/USD gathered bullish momentum and turned positive on the day above 0.6500. Nonfarm Payrolls in the US rose by 114,000 in July. US Dollar stays under strong selling pressure after disappointing jobs data. AUD/USD gained traction during the American trading hours on Friday and climbed above 0.6500. At the time of press, the pair was up 0.4% on the day at 0.6530. US jobs data weigh heavily on USD The US Dollar (USD) came under heavy selling pressure and fuelled AUD/USD’s rebound. The data published by the US Bureau of Labor Statistics (BLS) showed that Nonfarm Payrolls (NFP) rose 114,000 in July. This reading followed June’s increase of 179,000 (revised from 206,000) and missed the market expectation of 175,000 by a wide margin. Moreover, the Unemployment Rate climbed to 4.3% from 4.1% in June. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Japanese Yen.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.93% -0.48% -1.09% -0.12% -0.36% -0.30% -0.93% EUR 0.93%   0.45% -0.13% 0.80% 0.57% 0.62% -0.00% GBP 0.48% -0.45%   -0.62% 0.37% 0.10% 0.18% -0.43% JPY 1.09% 0.13% 0.62%   0.99% 0.73% 0.78% 0.17% CAD 0.12% -0.80% -0.37% -0.99%   -0.24% -0.16% -0.79% AUD 0.36% -0.57% -0.10% -0.73% 0.24%   0.08% -0.56% NZD 0.30% -0.62% -0.18% -0.78% 0.16% -0.08%   -0.60% CHF 0.93% 0.00% 0.43% -0.17% 0.79% 0.56% 0.60%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change…

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Filed under: News - @ August 3, 2024 10:18 am