share: According to official data released on Thursday by the Australian Bureau of Statistics (ABS), Australia’s unemployment rate was 3.7% in August, compared to expectations of 3.7% and the previous reading of 3.7%. The number of people employed in August rose by 64,900 against consensus estimates of 23,000 and a …
Read More »AUD/USD is holding around 0.6400 ahead of Australian employment data
share: AUD/USD rose to 0.6420 after rebounding from a low of 0.6380. Inflation data in the US is prompting the market to reconsider the chances of further Fed rate hikes at the November meeting. The Australian economy is expected to change by 23,000 in August. Market players will be closely …
Read More »Mixed signals as Aussie gives up most gains
Share: AUD/USD Current Price: 0.6786 The Aussie outperformed after a positive Australian employment report. The US dollar gained momentum after US data, amid higher Treasury yields. The AUD/USD pair retreated from six-day highs, below 0.6800. The AUD/USD initially jumped towards the 0.6850 area, boosted by better-than-expected Australian employment data, but …
Read More »Australian Unemployment Rate drops to 3.5% in June vs. 3.6% expected
Share: The Australian Bureau of Statistics (ABS) reported on Thursday, the country’s Unemployment Rate came in at 3.5% in June, as against the expectations of 3.6% and the previous figure of 3.6%. The number of employed people rose by 32.6K in June as compared to consensus estimates of 15K and …
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