Australian Dollar flat

April 14, 2016
AAP

dollar, money, notes, australianThe Australian dollar has pulled back from recent highs as the greenback finally finds its feet following days of losses.

At 0700 AEST on Thursday, the local unit was trading at 76.53 US cents, down from 76.54 cents on Wednesday.

“The US dollar has found a bit of wind after tumbling away in recent trading sessions,” Bank of New Zealand currency strategist Jason Wong said.

He said the Aussie was also consolidating after some big gains.

“It had a huge run, just over 77 US cents was its peak. So, now there’s possibly a bit of profit taking,” he said.

Wong said a strong number from local employment figures, due out Thursday, could give the Aussie a lift. Jobs growth is tipped to have picked up pace after stalling for months, but the unemployment rate is unlikely to improve.

AAP

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week. 

Related posts:

  1. Australian dollar rises
  2. Australian dollar unchanged
  3. Australian dollar rises slightly
  4. Australian dollar falls
,
,

Comments

Comment Manually

Inside Retail Polls

What were the biggest challenges during the 2019 holiday period?
Vote

Twitter

NSW-based party retailer The Party People plans to open two to four large-format pop-ups across the country this year. #retail #ausbiz

9 hours ago

Aussie-born Mexican fast food chain Guzman y Gomez was founded by two Americans. Now the company has opened its fir… https://t.co/YSpPCaYvzK

23 hours ago

Alceon Group is reportedly in talks to bring more international brands to Australia. We caught up with Richard Faci… https://t.co/r8pEbdRfWK

1 day ago