AUD/USD Analysis: Declines after data release

Dukascopy Bank Team Dukascopy Bank SA

AUD/USD

The Australian Dollar depreciated against the US Dollar, following the Australian Employment data set release on Thursday at 01:30 GMT. The AUD/USD exchange currency rate lost 34 pips or 0.48% right after the release. The Aussie continued trading at the 0.6915 level against the Greenback.

Australian Bureau of Statistics released the Australian Unemployment Rate data, which came out worse-than-expected of 5.2% compared with forecast of 5.0%. Also, the Australian Employment Change data was released at the same time.

Everything being equal, it is likely that the currency exchange rate will continue its decline within this session.

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Dukascopy Bank Team

Dukascopy Bank SA

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