Daily Forecast - 07/12/2009

06 December 2009 @ 05:47 pm EDT

:: Australian Dollar: The Australian Dollar opens lower today at 0.9130 after a stronger than expected jobs report on Friday night bolstered the greenback. The U.S. Labour Department report showed that 11,000 jobs were shed in November, far less than the 125,000 expected by financial markets, pushing the unemployment rate back down to 10 per cent. The Aussie once again ran into strong resistance just beneath the US93 cent mark before falling quite sharply on the U.S. employment news hitting an overnight low of 0.9107. Also weighing on the local unit was a sharp fall in gold which lost US$50 an ounce.

For more information, go to www.ozforex.com.au

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