Aussie edges lower, kiwi holds steady

On Thursday, the Australian dollar went down against its major American counterpart, right after the publication of mixed data from Australia. Meanwhile, the New Zealand dollar was steady because market participants kept an eye open on the issue of American employment data later today.   

The currency pair AUD/USD tumbled 0.33%, trading at 0.7236.

On Thursday, the Australian Bureau of Statistics posted that in April retail sales surged by 0.2%, thus disappointing hopes for a 0.3% revenue after a 0.4% rise last month.  

A separate report unveiled that in April, Australian trade deficit dropped to A$1.58 billion from A$1.97 billion in March. The given figure was revised from the previously assessed deficit of about A$2.16 billion.

By the way, financial experts had expected the trade deficit to surge to approximately A$2.00 billion in April.

The currency pair NZD/USD slightly fluctuated at 0.6812.

Traders were paying much attention to the publication of the ADP report on nonfarm employment a bit later today. They require further indications on the strength of the job market as well as probable hints on the timing of future American rate lifts.  

Scroll to top