AUD/USD subdued on the Aussie jobs data

• AUD/USD: is virtually unchanged on the Aussie jobs.
• Jobs data: Australia jobs report (February) Employment Change +17.5K (vs. expected +20.0K)

The Aussie jobs data has been released where markets were looking for a 20,000 rise in total employment and for the unemployment rate to hold at 5.5%, just above 5-year lows. Currently, AUD/USD is trading at 0.7775, up 0.13% on the day, having posted a daily high at 0.7787 and low at 0.7762.

The data arrived as follows:

   Employment Change K

• expected +20.0K, prior +16.0K

Unemployment Rate %

• expected 5.5%, prior 5.5%

Full Time Employment Change K

• prior was -49.8K

Part Time Employment Change K

• prior was +65.9K

Participation Rate %

expected 65.6%, prior was 65.6%\

Key notes:

• When are Aussie jobs and how could they affect AUD/USD?
• Fed: policy will need to be tightened gradually through to 2020 - Westpac
• Forex today: Fed's plot forecasts just three 2018 rate hikes, not four, dollar tanks

More to come: ...