The Australian Dollar appreciated against the US Dollar, following the Australian Employment data set releases on Thursday at 01:30 GMT. The AUD/USD exchange currency rate gained 26 pips or 0.39% right after the release. The Aussie continued trading at the 0.6780 level against the Greenback.

The Australian Bureau of Statistics released the Australian Employment Change data, which came out better-than-expected of 41.1K compared with the forecast of 14.2K.

Note, that the Reserve Bank of Australia is monitoring developments in the Australian labour market closely to make appropriate monetary policy decisions. Thus, it is likely, that an aggressive cur rate could be postponed.

- advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.