The US Dollar (USD) has looked a tad soft this week across the board, against the Australian Dollar (AUD) the cross has improved from 0.6560 Monday to 0.6610 Friday with risk appetite improving led by US equities. Australian Jobs data pushed up the AUD Wednesday after figures showed an improvement to job numbers in July of 58,000 compared to 20,000 expected. The unemployment rate edged higher to 4.2% from 4.1% not impacting on the AUD, perhaps the hawkish stance by the RBA helping to maintain umbrella moves. The AUD should be bullish into the close.
The current interbank midrate is: AUDUSD 0.6612
The interbank range this week has been: AUDUSD 0.6561- 0.6642