AUD/USD slumps as Unemployment Rate edges higher – Commerzbank
|AUD/USD is easing following largely positive data in Australia. Economists at Commerzbank analyze the employment report.
Positive Australian labour market report has little effect
The labour market data from Australia suggests that the downtrend in full-time employment might have been stopped. Overall employment rose more significantly than analysts had expected in advance.
The market seems to focus instead on the unemployment rate which rose as expected despite the solid rise in job creation.
The AUD move was rather small though – certainly compared with the positive effect produced by the USD side of things on Tuesday.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.