(menafn – ecpulse)
The American dollar started the day with an incline against the Japanese yen for the a second straight day as investors demand for US dollar ADP jobs data that expected to show US companies added more workers during April.
On the other hand, the Feds wouldn’t introduce more financial facilities during this period after U.S. manufacturing grew in April at the strongest rate in 10 months, easing concerns the economy had lost momentum at the start of the second quarter, supported the demand on American dollar.
USD/JPY pair advanced to the highest level in a week at 80.40 after started the day at 80.21, recorded a low of 80.09, and it’s currently trading at 80.50.
Australian dollar has increased against its counterpart the US dollar as correction movements after the heavy decline for the previous two days as the RBA cut its interest rate by 50 basis points to 3.75% during May, reduced the demand for Aussie.
AUD/USD pair rose to record a high of 1.0353 and a low of 1.0324after started the day at 1.0336.
Turning to NZD/USD pair, it is fluctuated to record a high of 0.8152 and a low of 0.8126, while it started the session at 0.8148.