Skip to Content
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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Australian Dollar Unable to Capitalize on Upbeat Jobs Data

Australian Dollar Unable to Capitalize on Upbeat Jobs Data

Ilya Spivak,

Talking Points:

  • December's Australian Jobs Report Tops Economists' Forecasts
  • Australian Dollar Spikes Upward, Fails to See Lasting Momentum
  • Inability to Rise on Supportive News Speaks to Aussie Weakness

The Australian Dollar launched briefly higher after December's jobs data topped expectations. The announcement extended a recent string of improvements in economic news-flow relative to consensus forecasts.

The currency was unable to sustain upward momentum however, swiftly unwinding post-data gains. The Aussie's inability to engineer a meaningful advance despite supportive news-flow hints at significant underlying weakness.

--- Created by Ilya Spivak, Currency Strategist for

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

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