FXstreet.com (San Francisco) - In seasonally adjusted terms, the Australian unemployment rate came in much better than expected at 4.9% in April from 5.2% in the previous month, adding 15,500 (0.1%) new jobs to the labor force to total 11,501,000, the Australian Bureau of Statistics reported Thursday. The market was expecting a rise in unemployment to 5.3% from 5.2%, and was expecting a fall of 5.5 K jobs. The surprising data has reduced expectations of further rate cuts in the coming months by the Reserve Bank of Australia.
Australia: Unemployment rate drops to 4.9%; 15,500 new jobs
Thu, May 10 2012, 01:39 GMT | FXstreet.com
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
