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Risk Appetite Elevated After Australian Jobs Data

11/12/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD JPY 0.11 EUR 0.03 CHF -0.01 GBP -0.04

Risk appetite has been maintained across the FX markets after Australian Unemployment figures overnight remained relatively stable at 5.8% as expected. AUDUSD rallied sharply after the release from 0.9310 to 0.9370, and bids have kept the pair elevated around 0.9350 levels into the European session. The news comes in the wake of disappointing New Zealand Retail Sales figures which could only…

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