Australian dollar goes up to 0.7736 (a 1.57% gain) after starting the week at 0.7616 .
AUD/USD spiked to 0.7736 gaining 119 pips. (Trade Aussie/Dollar with FXTM now).
The Aussie/Dollar green move comes while some more encouraging signs are out as data for Australia Employment Change released yesterday at 1:30 AM is better than expected at 70,700, but worse than the previous figure of 88,700. Data for United States Core Retail Sales released yesterday at 12:30 PM came out at 8.4, beating projections of five and showing improvement over the preceding figure of -2.5.
The Aussie/Dollar shows positive signs, other assets are also on par: Euro/Yen hits 130.63, highest price in 2 years. The New-Zealand Dollar made its largest weekly jump of 105 pips(0.34%) since November 2020.
At the same time, Yen made its largest weekly gain of 104 pips (0.04%) since November 2020. The GBP/NZD made its largest weekly gain of 285 pips (0.75%) since December 2020. GBP/CAD hits a 4 month low, as it drops to 1.697