Australian Dollar jumps on Employment- Economy added 52,700 Jobs in January.
from MoneyTrading.com.au
The Australian dollar surged as strong jobs data revived talk of a rate rise as early as March. The Australian dollar rose more than 1% against the dollar and the yen, getting a lift from data showing a bigger-than-expected rise in Australian employment in January and a fall in the jobless rate to an 11-month low.
Australian Bureau of Statistics reported today that the country’s unemployment rate declined 0.2 percentage point to 5.3% in January, an 11-year low. The number of people employed rose 52,700 to 10.966 million in the period, the largest increased in employment since December 2006.
AUD/USD last traded at 0.8884, facing resistance at 0.8910. We are Long AUD/USD, EUR/USD.
The Australian dollar surged as strong jobs data revived talk of a rate rise as early as March. The Australian dollar rose more than 1% against the dollar and the yen, getting a lift from data showing a bigger-than-expected rise in Australian employment in January and a fall in the jobless rate to an 11-month low.
Australian Bureau of Statistics reported today that the country’s unemployment rate declined 0.2 percentage point to 5.3% in January, an 11-year low. The number of people employed rose 52,700 to 10.966 million in the period, the largest increased in employment since December 2006.
AUD/USD last traded at 0.8884, facing resistance at 0.8910. We are Long AUD/USD, EUR/USD.
posted by Money Trading at
12:24 AM
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