The Australian Dollar appreciated against the US Dollar, following the Australian Employment data set release on Thursday at 01:30 GMT. The AUD/USD exchange currency rate gained 14 pips or 0.21% right after the release. The Aussie continued trading at the 0.7020 level against the Greenback.
The Australian Bureau of Statistics released the Australian Employment Change, which came out worse-than-expected of 0.5K compared with the forecast of 9.1K. Also, the Australian Unemployment Rate data was released at the same time.
ABS Chief Economist Bruce Hockman said, “Australia’s participation rate was at 66 per cent in June 2019, which means nearly two of every three people are currently participating in the labour market. The participation rate for 15 to 64 year olds was even higher and closer to four out of every five people.”