The Australian Dollar is growing quickly. Overview for 13.04.2017

The AUD/USD pair continues moving to the upside, this time under the influence of the Australian statistics.

On Thursday afternoon, the Australian Dollar is feeling fine against the USD. The current quote for the instrument is 0.7573; it has been actively bought for the second day in a row.

Despite the Bank Holiday in Australia, the country’s statistics is being published without any pauses. The Unemployment Rate in March remained at 5.9%, the same as expected. At the same time, the Employment Change expanded significantly, by 60.9K, after adding just 2.8K in February and against the expected reading of 20.3K.

It is this component, which is pushing the Aussie upwards today. The Full Time Employment Change added 74.5K, which is twice as many as in February. The Part Time Employment Change decreased by 13.6K. the indicator is still falling, but slower than the month before.

It appears that the Australian employment market looks more normal when the population works full-time and may be sure of anticipated revenues. This, in its turn, is a very positive moment for consumer spending and other related sectors.

The RBA Financial Stability Review published by the regulator today said that the banking market itself looked stable, although undisclosed operations filled with apprehension. The Australian financial system is pretty healthy, capitalization of banks involves no risks, but the banks should be ready to increase their capital in the future in order to look stronger.

RoboForex Analytical Department