Key Points
SINGAPORE (Reuters) -The Australian dollar rose on Thursday after employment numbers beat forecasts for a sixth straight month, while the dollar held near an 11-week high as it drew additional support from a potential Trump win at the upcoming U.S. election...
However, the briefing failed to excite markets as policymakers essentially reiterated their commitment to boost the housing market, but did not unveil any new significant measures that some investors were hoping for...
The Australian dollar, often used as a liquid proxy for the yuan, gained 0.41% to $0.66935, as the disappointment from China offset some of the Antipodean currencys strong gains from an upbeat jobs report at home...
The dollar has not only drawn support from a run of upbeat data on the U.S. economy which has in turn caused traders to scale back their expectations of Fed rate cuts, but also on the possibility of a victory by Republican presidential candidate Donald Trump at next months election...
It was nursing some losses after having fallen to a two-month low on Wednesday as data showed domestic inflation returned to the Reserve Bank of New Zealands target range of 1% to 3% in the third quarter, keeping the door open for the central bank to continue aggressively cutting rates...
