The Aussie fell against the Grenback on the weaker-than-anticipated report on the Australian labour market report. The AUD/USD exchange rate declined 0.22% or 17 base points to the 0.7953 mark, but managed to return into the 0.7970 area.
The Australian Bureau of Statistics stated that the country’s jobless rate was registered at a seasonally adjusted 5.5% in December, which was above expectations for November’s unchanged 5.4%. The report additionally showed that the Australia’s economy added 34.7K positions in the reported month, beating forecasts for a 15.1K gain. More Australians were looking for work, while employees are actively hiring, the reason why the consumer confidence reached the four-year high.
