By ForexPros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
AUD/USD was trading at 0.9786, up 0.67% at time of writing.
The pair was likely to find support at 0.9652, Wednesday’s low, and resistance at 0.9974, Monday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 434.00K last week from 455.00K in the preceding week whose figure was revised up from 452.00K.
Analysts had expected Initial Jobless Claims to rise to 455.00K last week.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.48% to hit 1.4234 and AUD/JPY falling 0.23% to hit 79.29.
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