12 Feb 2015
AUD/USD: Offered on dismal Aussie jobs data
FXStreet (Guatemala) - AUD/USD is heavily offered on the back of the Aussie jobs data.
AUD/USD is currently trading at with a high of 0.7731 and low of 0.7654 scored on the back of the report. The Australian jobs numbers were for January, and these were poor and worse than the consensus. Data is worrisome for the RBA.
Total employment changed at -12.2k while the full time employment came out as -28.1k, part time at +15.7k. The unemployment rate stood at 6.4% in January vs 6.2% in Dec, with participation rate at 64.8%. The overall consensus, especially if numbers such as these continue to disappoint, is that the RBA will act again this year by cutting rates further leaving the divergence between the Fed and RBA compelling. We are just shy of the yearly lows at 0.7625 scored on 2nd Feb this year.
AUD/USD is currently trading at with a high of 0.7731 and low of 0.7654 scored on the back of the report. The Australian jobs numbers were for January, and these were poor and worse than the consensus. Data is worrisome for the RBA.
Total employment changed at -12.2k while the full time employment came out as -28.1k, part time at +15.7k. The unemployment rate stood at 6.4% in January vs 6.2% in Dec, with participation rate at 64.8%. The overall consensus, especially if numbers such as these continue to disappoint, is that the RBA will act again this year by cutting rates further leaving the divergence between the Fed and RBA compelling. We are just shy of the yearly lows at 0.7625 scored on 2nd Feb this year.