AUD/USD: Australian Employment Data Set

Dukascopy Bank Team Dukascopy Bank SA

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 25 pips or 0.36% right after the release. The Ausie 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 5.1%. Note, that the Australian Employment Change data was released at the same time.

According to the release: "Employment increased 42,300 to 12,868,200 persons. Full-time employment increased 2,400 to 8,792,900 persons and part-time employment increased 39,800 to 4,075,400 persons. Unemployment decreased 2,400 to 704,700 persons. Unemployment rate remained steady at 5.2%. Participation rate increased 0.1 pts to 66.0%. Monthly hours worked in all jobs decreased 5.9 million hours to 1,775.0 million hours."

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Dukascopy Bank Team

Dukascopy Bank SA

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