The Australian dollar climbed as today’s report showed that confidence of Australian consumers rose and tomorrow’s data about employment is expect to demonstrate an improvement. The euro managed to outperform the currency of Australia.
The Westpac Melbourne Institute Index of Consumer Sentiment increased by 2.4 percent in January after it dropped by 8.3 percent in December. The report of the Australian Bureau of Statistics is expected to show that Australian employers added 10,300 jobs last month. The unemployment rate is predicted to remain at 5.3 percent.
The Aussie was also stronger on positive signs from Europe as economic sentiment in Germany and the whole eurozone improved. Greece officials are discussing with private bondholders a possibility of writing-off half of the country’s debt.
AUD/USD was at 1.0385, following the rise from 1.0312 to 1.0374 yesterday, and AUD/JPY traded near 79.61 as of 3:09 GMT today after it climbed from 79.17 to 79.70 on the previous trading session. Meanwhile, EUR/AUD advanced from 1.2271 to 1.2302 today.
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