Australia - Unemployment rate


Australian unemployment rate grew slightly. Instead of staying at 5.9%, the ratio of unemployment people increased to 6% in June. This is negative news for the Australian economy. From a fiscal point of view, high unemployment rate can be an obstacle for dynamic economic growth, and it may lead to weakening AUD. However, the Reserve Bank of Australia still have an arsenal of measures to support the Aussie if needed.

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GBP/USD recovers toward 1.2450 after UK Retail Sales data

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Week ahead – US GDP and BoJ decision on top of next week’s agenda

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