4 Sep 2015
AUD/USD hits fresh 6-year lows after US NFP
FXStreet (Córdoba) - AUD/USD extended losses and scored fresh 6-year lows following the release of the US employment report as the greenback managed to benefit from it.
US nonfarm payrolls came in at 173K in August down from 245K the previous month and below the 220K expected. However, the unemployment rate edged down to 5.1% from 5.3% in July and against the 5.2% expected.
The nonfarm payroll report was the last major indicator before the Federal Reserve September 16-17 meeting, when some are still expecting the Fed to raise rates for first time since 2006.
AUD/USD moved down to a low of 0.6927, last seen March 2009, and it was last trading at 0.6945, 1.04% below its opening price and on track to post its fourth weekly loss in a row.
US nonfarm payrolls came in at 173K in August down from 245K the previous month and below the 220K expected. However, the unemployment rate edged down to 5.1% from 5.3% in July and against the 5.2% expected.
The nonfarm payroll report was the last major indicator before the Federal Reserve September 16-17 meeting, when some are still expecting the Fed to raise rates for first time since 2006.
AUD/USD moved down to a low of 0.6927, last seen March 2009, and it was last trading at 0.6945, 1.04% below its opening price and on track to post its fourth weekly loss in a row.