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Australian Dollar Analysis: AUD/USD Gyrates Following Mixed Jobs Data – DailyFX
AUD/USD is mixed following Thursday’s employment report and a wave of risk-off pressure emanating from Wednesday’s release of FOMC minutes.
AUD/USD, AU Employment Talking Points
- Australian employment change comes in at -30,600 against a previous gain of 77,000
- The Australian unemployment rate falls to 5.5%, however labor force participation also dropped
- AUD/USD pushed lower Wednesday following a wave of risk-off sentiment across all asset classes
Australian employment data largely disappointed on Thursday as total employment decreased by 30,600 jobs, against an expected gain of 15,000 jobs for April. Despite the miss, the country’s unemployment…
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