The Australian dollar climbed to the record against the US currency today after the employment in Australia unexpectedly surged, causing the speculation that the central bank would raise the interest rates.
The Australian employers added 49,500 work places in September. This figure is higher than the August advance of 31,600 and much better than the expected 20,200 jobs. The unemployment rate remained unchanged at 5.1 percent.
AUD/USD surged from 0.9669 to 0.9897 as of 11:49 GMT today after dropping as low as 0.9541. If the Aussie would retain its upward momentum parity with the greenback isn’t far ahead.
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