Breaking: Australia’s Unemployment Rate steadies at 3.7% in August, Employment Change jumps by 64.9K

FXStreet Team FXStreet

According to the official data released by the Australian Bureau of Statistics (ABS) on Thursday, Australia’s Unemployment Rate came in at 3.7% in August, compared with the expectations of 3.7% and the previous figure of 3.7%.

The number of employed people jumped by 64.9K in August as against the consensus estimates of 23K and the loss of 14.6K seen in the previous month.

Additional details revealed that Full-Time Employment increased by 2.8K in the reported month vs. July’s -24.2K drop. However, Part-Time Employment bumped up by 62.1K when compared to a gain of 9.6K in July.

The Participation Rate edged higher to 67.0% in August vs. 66.7% expected and 66.7% previous.

Market reaction

AUD/USD caught a fresh bid on the Australian jobs data, initially jumping to intraday highs of 0.6454 before easing to 0.6440, where it now wavers. The pair is up 0.26% on the day.

Author

FXStreet Team

FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.