The positive report on the Australia’s job market contributed to strengthening of the Aussie in Wednesday morning. The Australian Dollar strengthened by 0.46% against the Greenback to consolidate in the 0.8000 area.
The Australian Bureau of Statistics published the report showing that the country’s unemployment rate remained at the 5.6% level, in line with expectations. Data revealed the job market added 54.2K new positions over the course of August, while analysts’ anticipated a 17.4K gain. The Australian economy was still far to reach full employment, with main concern surrounding flat wage growth, which refrains consumer confidence.
