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Australian Dollar Climbs on Employment Improvent

February 11, 2010 at 5:04 by Jan Baros

Australian dollarThe Australian government brought risk appetite high in the beginning of this Thursday trading session after an employment report published in the country showed better than expected figures, attracting investors to purchase assets in the South Pacific region.

After an employment report indicating that 52k new jobs were created in Australia in January, the Aussie advanced versus multiple important currencies, as the economic performance in the South Pacific region is providing better results then other economic regions around the world. Today’s advance in employment was the highest in 3 years setting unemployment rate to 5.3 percent.

AUD/USD traded at 0.8879 as of 02:59 GMT from a previous intraday rate of 0.8749.

If you have any questions, comments, or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

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