Forexpros – The australian dollar slid against the greenback Thursday in mid-session Asian trading thanks to higher-than-expected unemployment rates.
AUD/USD was trading at 1.0252, down 0.41%.
The pair was likely to find support at 1.0156, Tuesday’s low, and resistance at 1.0305, Wednesday’s high.
Australia’s unemployment rate hit 5.3% in November, up from 5.2% in October and slightly above market forecasts of 5.2% as well.
Higher than expected unemployment readings are often bearish for currencies.
Meanwhile, the Reserve Bank of Australia on Tuesday voted to hold interest rates at 4.25%, in line with market expectations.
The australian dollar was also down against the euro and the pound, with EUR/AUD up 0.29% at 1.3068 and GPB/AUD rising 0.36% to hit 1.5317.
Forexpros
