AUDUSD is in a little “black” on Thursday but mostly due to the weak USD.
The Australian Dollar is rising a bit against the USD on Thursday. the current quote for the instrument is 0.7167.
This improvement is mostly caused by the weakness of the “greenback” and market sentiments than the statistics published by Australia. However, there some numbers worth paying attention to.
The Unemployment Rate in Australia was 7.5% in July after being 7.4% in the previous month and against the expected reading of 7.8%. So, it’s better than expected but still the highest reading since 1998. That’s bad news.
The Employment Change showed 114.7K in July after being 228.4K in June (revised from 210.8K) and against market expectations of 30K.
Yes, the gap in jobs in the Australian economy hasn’t been eliminated yet but the indicator is improving and that’s very positive for the Aussie.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.