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Australian Dollar loses ground despite positive employment data

Australian Dollar loses ground despite positive employment data

The Australian Dollar depreciates despite the higher-than-expected Employment Change. Australia’s Unemployment Rate dropped to 4.0%, from April’s 4.1% rate as expected. The US Dollar recovers losses as FOMC leaves its benchmark lending rate in a range of 5.25%–5.50% for the seventh time in a row. The Australian Dollar (AUD) edges lower despite the employment data release on...

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Australian unemployment rate seen easing to 4.0% in May despite tepid job creation

Australian unemployment rate seen easing to 4.0% in May despite tepid job creation

The Australian Unemployment Rate is foreseen to contract to 4% in May. Employment Change expected to remain tepid, up by 27.5K in the month. AUD/USD set to run to fresh multi-month highs with an upbeat report. Australia is set to release the May employment report on Thursday at 1:30 GMT. The Australian Bureau of Statistics (ABS)...

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Will the expected increase in Australian unemployment rate impact RBA rate outlook?

Will the expected increase in Australian unemployment rate impact RBA rate outlook?

The Australian Unemployment Rate is expected to continue rising in April. Employment Change could post a modest improvement after March’s slump. AUD/USD could run past 0.6700 on an upbeat employment report.  Australia will publish the April employment report on Thursday at 1:30 GMT. The Australian Bureau of Statistics (ABS) is expected to announce the country...