AUD/USD tested 0.7800 in the early American session on Friday. US Dollar Index stays near 90.00 after the NFP report. AUD/USD remains on track to close the week in the positive territory. The AUD/USD pair climbed to 0.7800 area in the early American session after as the greenback lost its strength following the disappointing labour market data from the US. However, the pair failed to preserve its bullish momentum and was last seen trading flat on the day a little below 0.7770. On a weekly basis, the pair remains on track to close in the positive territory for the 10th consecutive time. US T-bond yields push higher after US jobs report Earlier in the day, the US Bureau of Labor Statistics reported that Nonfarm Payrolls (NFP) in the US declined by 140,000 in December. This reading fell short of the market expectation of +71,000 and caused the greenback to weaken against its rivals as investors saw the dismal jobs report as a factor that would allow the Fed to preserve its dovish policy. The US Dollar Index (DXY) dropped to a daily low of 89.66 after the NFP report but staged a modest rebound later in the session. A 3% increase witnessed in the 10-year US T-bond yield supported the USD and the DXY is currently posting modest daily gains at 89.97. There won’t be any other macroeconomic data releases in the remainder of the day and the US T-bond yields are likely to continue to impact the USD’s market valuation ahead of the weekend. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Clarida: Treasury bond yields are still incredibly low FX Street 11 months AUD/USD tested 0.7800 in the early American session on Friday. US Dollar Index stays near 90.00 after the NFP report. AUD/USD remains on track to close the week in the positive territory. The AUD/USD pair climbed to 0.7800 area in the early American session after as the greenback lost its strength following the disappointing labour market data from the US. However, the pair failed to preserve its bullish momentum and was last seen trading flat on the day a little below 0.7770. On a weekly basis, the pair remains on track to close in the positive territory for the 10th… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
