Pair AUD/USD is traded with a negative dynamic on this Thursday and statistics were unable to prevent it. Australian Dollar is on the sell in the pair with US Dollar. The current rate for AUD/USD is 0.7455.
Today's statistics were unable to form rock solid foundation for Aussie. The unemployment level in Australia by the end of August is 5.6%, which lower than July reading of 5.7%. However, it should be noted that number of employed persons has been shorted by 3.9 thousand instead of anticipated surplus of 15 thousand. That aspect prevents investors to judge it in favor of buying Australian Dollar.
In other aspects of the report, we can see that number of jobs with a full-time engagement within Australian economy has increased by 11.5 thousand, while number of part-time jobs decreased by 15.4 thousand. In general, considering seasonal adjustment, Australian economically active population is estimated as 64.7% against July's 64.9%.
Usually, we have a lot more active reaction from the market for any news regarding employment, however, this time US Federal Reserve meeting is closing and now everything is not about Aussie but US Dollar. According to CME, no more than 15% of investors are expecting interest rate increase on September meeting but 55% are sure that it will be done in December. Expectations about the date of rate increase are moving further and further since there are new factors and conditions. That is not a new thing but there is more and more pressure on Fed from the financial markets.
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