Euro up as Australian job data raises risk appetite
The euro was bolstered against the yen and dollar today, as better than expected Australian jobs data spurred investors to buy riskier assets. The euro rose to 134.62 against the yen and $1.49889 against the dollar in the Asian session, and could extend its gains against the greenback if US weekly jobless claims data shows that less people are claiming benefits.
Meanwhile the Australian dollar rose to a 15-month high of $0.9372 against the US dollar and hit a 2 week high of 84.23 against the Yen. The Australian jobs data showed nearly 25,000 more people in work during October, compared to the expected 10,000 decline, but unemployment still rose to 5.8% as expected.
Having lost ground to both the Australian dollar and the euro, the US dollar steadied against the yen, ending the session at 89.82 yen.