{"id":61502,"date":"2019-11-01T10:19:21","date_gmt":"2019-11-01T14:19:21","guid":{"rendered":"https:\/\/currencylive.com\/?p=61502"},"modified":"2019-11-01T10:19:21","modified_gmt":"2019-11-01T14:19:21","slug":"101386-aud-usd-australian-dollar-remains-above-0-69-on-a-mixed-us-nfp","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101386-aud-usd-australian-dollar-remains-above-0-69-on-a-mixed-us-nfp\/","title":{"rendered":"AUD\/USD: Australian Dollar Remains Above $0.69 On Mixed US NFP"},"content":{"rendered":"<p>After closing in the red in the previous session, the Australian dollar gained some positive traction in early trade on Friday. The Aussie dollar US dollar exchange rate pushed above US$0.6900. A mixed US jobs report pulled the pair briefly lower, before it rebounded again.<\/p>\n<p>The Australian dollar strengthened in early trade after data showed that Chinese manufacturing activity grew at the fastest pace in two and a half years in October. The Chinese Caixin manufacturing pmi posted a reading of 51.7 in October, up from 51.4 in September. This is the third straight month that the reading has been above 50, showing expansion. The data suggests that the Chinese manufacturing sector is on the road to recovery amid the ongoing US \u2014 China trade dispute.<\/p>\n<p>This is good news for the Chinese economy. The Australian economy is closely linked to China, its principal trading partner. A stronger Chinese economy could boost Australian exports and the economy, lifting the value of the Australian dollar.<\/p>\n<h3><strong>128,000 Jobs Created<\/strong><\/h3>\n<p>The US dollar spiked higher following better than forecast US job creation. The keenly watched US non-farm payroll report showed that 128,000 jobs were created in the US in October. This was marginally down from September\u2019s 136,000 but significantly higher than the 85,000 that city analysts had predicted. As expected, unemployment ticked higher to 3.6%, up from 3.5% the month previous. Average hourly earnings fell slightly short of expectations at 0.2% increase month on month, instead of the 0.3% increase forecast. However, on an annual basis, average earnings remained steady at 3%.<\/p>\n<p>The strong job creation number comes despite the General Motors strike which caused a significant drop in manufacturing jobs. Upward revisions were also made to the previous two months to the tune of 95,000 jobs.<\/p>\n<p>The data shows that the US labour market is doing well. It also indicates that Federal Reserve Chair Jerome Powell was right to put rate cuts on pause. However, with average earnings looking a little lacklustre, it could be a while until inflation picks up. This means whilst a rate cut is off the cards, so is a rate rise. This is weighing on demand for the greenback.<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>What do these figures mean?<\/strong><\/td>\n<\/tr>\n<tr>\n<td>When measuring the value of a pair of currencies, one set equals 1 unit and the other shows the current equivalent. As the market moves, the amount will vary from minute to minute.<\/p>\n<p>For example, it could be written:<\/p>\n<p><em>1 USD = 0.6784 AUD<\/em><\/p>\n<p>Here, $1 is equivalent to approximately A$0.67. This specifically measures the US dollar\u2019s worth against the Australian dollar. If the Aussie dollar amount increases in this pairing, it\u2019s positive for the US dollar.<\/p>\n<p>Or, if you were looking at it the other way around:<\/p>\n<p><em>1 AUD = 1.4739 USD<\/em><\/p>\n<p>In this example, A$1 is equivalent to approximately $1.47. This measures the Australian dollar\u2019s worth versus the US Dollar. If the US dollar number gets larger, it\u2019s good news for the Aussie dollar.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>After closing in the red in the previous session, the Australian dollar gained some positive traction in early trade on Friday. The Aussie dollar US dollar exchange rate pushed above US$0.6900. A mixed US jobs report pulled the pair briefly lower, before it rebounded again. The Australian dollar strengthened in early trade after data showed [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5362,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,1578,1399,1438,1492,1457,1493,1583,1454,1397,1398],"class_list":{"0":"post-61502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-usd","9":"tag-aud","10":"tag-aussie-dollar","11":"tag-china","12":"tag-federal-reserve","13":"tag-jobs-report","14":"tag-manufacturing","15":"tag-nfp","16":"tag-non-farm-payroll","17":"tag-pmi","18":"tag-us-dollar","19":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD\/USD: Australian Dollar Remains Above $0.69 On Mixed US NFP - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/101386-aud-usd-australian-dollar-remains-above-0-69-on-a-mixed-us-nfp\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101386-aud-usd-australian-dollar-remains-above-0-69-on-a-mixed-us-nfp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101386-aud-usd-australian-dollar-remains-above-0-69-on-a-mixed-us-nfp\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"AUD\\\/USD: Australian Dollar Remains Above $0.69 On Mixed US NFP\",\"datePublished\":\"2019-11-01T14:19:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101386-aud-usd-australian-dollar-remains-above-0-69-on-a-mixed-us-nfp\\\/\"},\"wordCount\":720,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101386-aud-usd-australian-dollar-remains-above-0-69-on-a-mixed-us-nfp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100905-gbp-usd-dollar-dovish.jpg\",\"keywords\":[\"aud\",\"Aussie dollar\",\"china\",\"federal reserve\",\"jobs report\",\"manufacturing\",\"nfp\",\"non farm payroll\",\"pmi\",\"us dollar\",\"usd\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101386-aud-usd-australian-dollar-remains-above-0-69-on-a-mixed-us-nfp\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101386-aud-usd-australian-dollar-remains-above-0-69-on-a-mixed-us-nfp\\\/\",\"name\":\"AUD\\\/USD: Australian Dollar Remains Above $0.69 On Mixed US NFP - 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