Monday, June 9, 2014

AUD/USD

AUD/USD is steady on Monday, as the pair trades in the mid-0.93-range early in the North American session. It’s a quiet start to the week, with no US releases on Monday. RBA Governor Glenn Stevens will address a San Francisco Federal Reserve symposium. Early on Tuesday, we’ll get a look at Australian business confidence, employment and housing data.
In the US, employment numbers were solid late last week. Unemployment Claims and Nonfarm Payrolls, both key indicators, met market expectations and helped the dollar hold its own against the euro. Unemployment Claims came in at 312 thousand, slightly above the estimate of 309 thousand. Nonfarm Employment Change met modest expectations on Friday, adding 217 thousand new jobs. The estimate stood at 214 thousand. The Unemployment Rate stayed pegged at 6.3%, beating the estimate of 6.4%.