On Thursday Australian dollar managed to regain some ground versus its US counterpart, after which lowered again during the course of Fridays session.
AUD/USD pair reached a session low at 0.9566 during the later hours of Asian trade, after which consolidation followed at 0.9590. Support was expected at June 9th low and almost 20-month low, while resistance was to be met at June 7th high, 0.9574.
On Thursday official reports showed that the number of employed people rose by 1 100 in May, far above expectations that this number will decrease by 10 000. Revised data from April pointed an increase by 45 000. Unemployment rate in Australia decreased to 5.5% during May from 5.6% during April. Preliminary estimates stated no change in this indicator in May. The Aussie has been under pressure as market players have abstained from trading commodities and emerging markets instruments and have also raised hopes for more stimulus out of the Bank of Japan.
Meanwhile, yesterday the greenback received support after positive signal from the United States. The Labor Department announced that the number of people, who filed for unemployment assistance decreased more than expected during the week until 08.06.2013, falling down to 334 000. Experts projected a smaller rate of decrease to 345 000. Additionally, Retail sales in the United States rose by 0.6% in May on a monthly basis, extending in comparison with Aprils figure, when the indicator added only 0.1%. Retail sales ex autos indicator jumped by 0.3% in May on a monthly basis, meeting expectations, while revised data during April showed no change, compared to the preceding month.
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