By ForexMansion.com
The AUD/USD continues the upside rally and assuie breaks new records against the U.S. dollar. Demand increased on high-yielding currencies along with a stable outlook for the Australian economy in light of prevailing optimism in the market over the outlook for the global recovery.
There are no major economic releases from the Australian economy on Friday, which could push the pair to move based on the current market sentiment, as well as any effect of the economic data from the U.S. economy.
As for the United States of America the non-farm payrolls will be released at 12:30 GMT, which is expected to show that the U.S. economy added 195 thousand jobs during the month of March compared with the previous reading of 192 thousand jobs. Unemployment is expected to settle at 8.9%.
ISM manufacturing index will be released at 14:00 GMT and expected to come at 61.0 compare to the previous of 61.4.
Downbeat figures will have a stronger bearish impact on the pair than just strong improvement for the dollar. The dollar might gain grounds on good figures and especially with the week coming to an end and with position squaring, yet high volatility will prevail in the US session tomorrow.
Originally posted here
