Kicking off the session at 0.6656, the Australian dollar currency pair peaks at 0.6718

AUD/USD is on a bit of a rollercoaster today: spiking to 0.6718 only to drop back to 0.6657, now rallying again to 0.6673.

United States Initial Jobless Claims data will be released today at 12:30 UTC, with an expected decline to 235,000.

Uptick comes while some more positive signs for Aussie-Dollar are out as Crude Oil Inventories in United States fell short of market expectations (1 million) with a reading of -451,000, continuing the decline from the previous figure of 4.49 million.

Nevertheless, GDP in Australia fell short of market expectations (0.3) with a reading of 0.2, continuing the decline from the previous figure of 0.6.

At the same time, Australia Trade Balance (Apr) came out at 11.16 billion, while a consensus of analysts was expecting 14 billion.

Other currencies are also rising as having closed the previous session at 0.6041, NZD/USD is up 0.29% today to currently trade at around 0.6059.

At the same time, GBP/NZD closed at 2.0545 (down 0.22%). EUR/NZD is down to 1.7662, losing 37 pips, after closing at 1.77 in the preceding trading session.

Positive indicators for the Australian dollar are expected going forward as United States Initial Jobless Claims expected to decline to 235,000 while its preceding data was 232,000, data will be available today at 12:30 UTC.

The market is looking forward to the release of new data: Australia CFTC AUD speculative net positions is expected tomorrow at 20:30 UTC.

The Australian dollar is now trading 9.5% away from its significant high of 0.7356 first tested 7 months ago.