Hi everybody, why aud/usd got higher even though on friday the economic data for the us was better than expected.
Also read that investors took long positions on commodity currencies after data release on the us,
Why does it happen ? If the us dollar is getting stronger, aud/usd should fall
Thanks
The U.S. dolllar didn’t get stronger, except against the yen
the u.s. jobs report came out better than expected.
thats what got stronger… this is an absolutly massive distinction to be aware of.
sometimes… good news for the u.s. instills hope in others that the rest of the world will do good too.
so, they take more risk, because they feel more comfrotable…and more risk means buying AUD instead of USD.
Jay