Currency Note Worldwide

Australian dollar benefits from good employment data

By Smart Currency April 11th, 2014

Australia announced better-than-expected jobs data, adding 18,000 jobs, causing the Aussie dollar to reach a 5-month high against the US dollar. This strength was supported by positive unemployment data for the country, with levels dropping to 5.8%, the lowest in four months.

World Bank forecasts for growth in sub-Saharan Africa this year climbed up to 5.2%, which saw increased levels of confidence in the respective emerging markets, as well as traders buying up the currencies in question. G20 meetings continue today, and could result in a static market for the currencies of the countries involved.

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