Aussie Jobs Data

Full-time job numbers grew by a booming 62,000, while 48,000 part-time jobs were shed.

The participation rate inched up to 65.0 per cent, from 64.9 per cent.

The Australian dollar – on a roll the past two weeks – jumped more than a third of a cent on the unspectacular numbers to hit a new two-year high of US79.89¢.

“The jobs data just missed estimates, but this is robust enough to push the Aussie dollar higher with the full-time employment change greater than expected,” said OANDA senior trader Stephen Innes.

The Sydney Morning Herald

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Stephen Innes

Stephen Innes

Senior Currency Trader and Analyst at OANDA
Stephen has over 25 years of experience in the financial markets and specializes in Asian currencies at OANDA. After having started his trading career with NatWest Bank, he is currently based in Singapore as a Senior Currency Trader and Analyst with OANDA, focusing on the movement of the Aussie Dollar and ASEAN Currencies. Stephen has an extensive trading experience in Interest Rate Futures, Money Markets and Precious Metals. Prior to joining OANDA, he worked with organizations like Cambridge Mercantile, Nat West, Garvin Guy Butler, Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

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