Forex

Aussie inches up as dollar faces continuous pressures

2022-02-03 17:27:17 GMT (Economies.com)

Australian dollar rose against most rivals on Thursday amid increased pressure on the greenback and ahead of the US payrolls report. 

 

Government data showed building permits rallied 8.2% last month, compared to estimates of 0.9% decline. 

 

Australia's trade surplus registered at 8.36 billion Australian dollars, missing estimates of 9.8 billion.

 

Now markets await the US payrolls report tomorrow, crucial for gauging the health of the labor sector.

 

Today, the Bank of England decided to raise interest for the second straight time as expected to counter inflation.

 

AUD/USD rose 0.1% as of 17:25 GMT to 0.7140, with a session-low at 0.7110, and a high at 0.7169.

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