AUD/USD finds interim support near 0.6700 on surprisingly upbeat Australian job growth. Upbear Australian labor demand has prompted prospects of RBA’s further policy tightening. US bond yields bounce back despite firm Fed rate-cut prospects. The AUD/USD pair manages to gain firm-footing near the round-level support of 0.6700 in Thursday’s European session. The Aussie asset discovers...
Tag: AUDUSD
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Australian shrugs on mixed employment data
The Australian dollar is showing limited movement on Thursday. AUD/USD is trading at 0.6736 in the European session, up 0.10% on the day, up 0.1% at the time of writing. Job growth shines but unemployment rises Australia’s employment report for June was a mix, leaving investors scratching the heads. The Australian dollar didn’t show much...
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Australian Dollar bounces off two-week low against USD after mixed jobs report
The Australian Dollar gets a minor lift from the mixed Australian employment data on Thursday. The number of employed people rose by 50.2K, while the Unemployment Rate ticks higher to 4.1%. The emergence of some USD buying keeps a lid on any meaningful upside for the AUD/USD pair. The Australian Dollar (AUD) has been trending...
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Australian Unemployment Rate seen unchanged at 4% in June with solid job creation
The Australian Unemployment Rate is foreseen unchanged at 4% in June. Employment Change expected at 20K, down from the previous 39.7K. AUD/USD struggles to extend gains ahead of the announcement. With sentiment dominating financial markets, the Australian Bureau of Statistics (ABS) will release the monthly employment report on Thursday at 1:30 GMT. The country is...
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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
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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Australian Dollar depreciates after mixed Aussie employment data amid recovered US Dollar
The Australian Dollar loses ground due to dovish sentiment surrounding RBA’s policy stance. The Australian Unemployment Rate increased to 4.1% in April, from the previous reading of 3.9%. The US Dollar lost ground after the release of the lower CPI and Retail Sales data on Wednesday. The Australian Dollar (AUD) snapped its three-day winning streak...
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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...