The Australian dollar has soared to new heights as the greenback loses ground for a third straight day.
At 7am (AEDT) on Friday, the local unit was trading at US76.67c, up from US76.47c on Thursday.
The Aussie soared to US77.23c overnight, the highest level since last July.
Meanwhile,
the US dollar index fell to a new six-month low as the effects of US
central bank boss Janet Yellen’s dovish speech linger.
OANDA
Australia and Asia Pacific senior trader Stephen Innes said the
high-risk US non-farm payrolls report is a potential data point
minefield for the Aussie.
Mr
Innes said that with recent Fed speak emphasis on payrolls data, any
significant fall from the expected 205,000 in jobs growth would hurt the
greenback.
“A fall towards the 150,000 level should send the US dollar into a tailspin,” he said.
Source: businessspectator
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