The Australian dollar declined today, extending its yesterday’s drop against the greenback and the yen as the concerns about the crisis in Europe and the negative fundamental reports from Australia decrease attractiveness of the currency.
The news about the change of the leadership in Greece and the rumors about the Italy may also change its leader caused mixed feeling among investors. On one hand, new leaders may find a new approach for dealing with the financial problems of their nations. On the other had, the transition of the political power may cause additional instability that may worsen already situation in the Eurozone.
The data from Australia was less uncertain, but not less negative for the Aussie. The ANZ job advertisements declined 0.7 percent in October, posting the sixth drop in seven months. The nation’s trade balance surplus shrank to NZ$2.56 billion in September from NZ$2.95 billion in August, while analysts promised it to increase to NZ$3.02 billion. The employment data will be released on November 10 and it’s expected to show an increase of the unemployment rate and a significant slowdown of the employment growth.
AUD/USD fell from 1.0376 to 1.0332 and AUD/JPY dropped from 80.96 to 80.62 today as of 4:05 GMT. Meanwhile, EUR/AUD advanced from 1.3272 to 1.3307.
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