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14 Aug 2014
AUD/USD clings to gains after US data
FXStreet (Córdoba) - The AUD/USD trades near daily highs above 0.9300, holding onto gains and extending its recovery into a third consecutive day, despite a quick, short-lived drop seen after a series of US data.
US initial jobless claims rose by 21,000 to 311,000 in the week ending August 9, versus 295,000 expected. Meanwhile, import price index fell 0.2% in July versus a 0.4% drop forecasted.
The pair fall to a session low of 0.9299 but quickly bounced after the latest string of US data. At time of writing, the AUD/USD is trading at 1-week highs around 0.9320, recording a 0.19% gain on the day.
The AUD/USD is taking advantage of broad-based greenback weakness and extending its recovery from multi-week lows scored last Friday at the 0.9240 zone.
US initial jobless claims rose by 21,000 to 311,000 in the week ending August 9, versus 295,000 expected. Meanwhile, import price index fell 0.2% in July versus a 0.4% drop forecasted.
The pair fall to a session low of 0.9299 but quickly bounced after the latest string of US data. At time of writing, the AUD/USD is trading at 1-week highs around 0.9320, recording a 0.19% gain on the day.
The AUD/USD is taking advantage of broad-based greenback weakness and extending its recovery from multi-week lows scored last Friday at the 0.9240 zone.