The Australian dollar today rose ahead of tomorrow’s employment data, which is expected to be good, even as the consumer sentiment retreated.
Analysts predict that tomorrow’s report will show an increase of employment by 15,200 jobs. The Westpac Melbourne Institute Index of Consumer Sentiment fell by 2.1 percent in October after jumping 4.7 percent in the prior month. Still, the report called the reading “a solid result”, explaining that the decline was expected after the surge in September and the gauge remains very high.
AUD/USD rose from 0.9421 to 0.9447 and AUD/JPY climbed from 91.27 to 91.98 as of 9:40 GMT today.
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