AUD/USD made its largest single-day jump of 0.68 (1.03%) since Feb 23, and is now trading at 0.6869.
The Australian dollar is currently trading at 0.6869 following the release of Initial Jobless Claims data from the United States.
Uptick comes while some more positive signs for the Australian dollar are out as highly important Employment Change data from Australia beat analyst expectations of 15,000 with a reading of 75,900. New United States Initial Jobless Claims data fell short of the 250,000 projected by analysts with a reading of 262,000 while failing to improve upon the previous reading from last month (262,000).
On the flip side, highly important Retail Sales data from United States beat analyst expectations of -0.1% with a reading of 0.3%.
Other currencies are also rising as EUR/JPY leaps up 1.33% to trade around 153.61. GBP/JPY jumps 1.18% to trade around 179.29.
While the Australian dollar is up today, these currencies are lagging behind: USD/CHF is down to 0.8928, losing 77 pips, after closing at 0.9006 in the preceding trading session.
Furthermore, the market is looking at Australia CFTC AUD speculative net positions scheduled to come out tomorrow at 20:30 UTC.
Having set a significant low of 0.6213 7 months ago, the Australian dollar is trading 9.42% higher.