0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Gold
Bearish
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Australian Dollar Yields Muted Response to Jobs Data

Australian Dollar Yields Muted Response to Jobs Data

2015-07-09 02:32:00
Daniel Dubrovsky, Analyst
Share:

Talking Points:

  • Australian Dollar little changed versus the US Dollar
  • Unemployment rate 6.0 percent in June versus 6.1 percent expected
  • Australia gained 7,300 jobs in June versus zero expected

The Australian Dollar was little changed versus its US counterpart after June’s employment data crossed the wires. Economists were not expecting the country to add or lose jobs in the month of May; actual figures topped estimates at 7.3K jobs added. Most of the jobs gained came from the full-time figures (+24.5K). Australia lost 17.2K part-time jobs in June. In addition, the unemployment rate increased to 6.0 percent from 5.9 percent in May. The participation rate increased slightly to 64.8 percent from 64.7 percent in May.

On Tuesday the Reserve Bank of Australia maintained a neutral monetary policy stance that is dependent on incoming economic data. While June’s figures were overall positive, the data did not seem to encourage speculation on a near term RBA rate hike. Indeed, Australian front-end government bond yields were little changed in the aftermath of today’s release, suggesting the lack of movement in the Aussie was a result of no clear-cut bias for RBA monetary policy outlook. Perhaps if the country significantly added more jobs in June or vice versa, we could have witnessed a more defined movement in the Aussie.

AUSSIE POST JUNE AUSTRALIAN EMPLOYMENT DATA

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.