4 Apr 2014
AUD/USD jumps following non-farm payroll numbers
FXStreet (London) - AUD/USD jumped immediately following the release of mediocre US labour market statistics.
Total non-farm payroll employment rose by 192k in March, and the unemployment rate was unchanged at 6.7 percent, the US Bureau of Labor Statistics reported today.
Employment grew in professional and business services, in health care, and in mining and logging.
The number of unemployed persons was unchanged at 10.5 million, with the unemployment rate holding at 6.7 percent.
Strong upward revisions
The change in total non-farm payroll employment for January was revised from +129k to +144k, and the change for February was revised from +175k to +197k.
While the print represents a strong rebound for the labour market following disruptive US weather conditions and below-normal temperatures at the beginning of the year, the bar had been set high by encouraging ISM and PMI surveys. Consensus expectations had been for a 200k print.
AUD/USD spiked to a high of USD0.9283 immediately following the release before retracing to its current levels at USD0.9274, up 0.43 percent on the session and remaining in bullish territory.
Total non-farm payroll employment rose by 192k in March, and the unemployment rate was unchanged at 6.7 percent, the US Bureau of Labor Statistics reported today.
Employment grew in professional and business services, in health care, and in mining and logging.
The number of unemployed persons was unchanged at 10.5 million, with the unemployment rate holding at 6.7 percent.
Strong upward revisions
The change in total non-farm payroll employment for January was revised from +129k to +144k, and the change for February was revised from +175k to +197k.
While the print represents a strong rebound for the labour market following disruptive US weather conditions and below-normal temperatures at the beginning of the year, the bar had been set high by encouraging ISM and PMI surveys. Consensus expectations had been for a 200k print.
AUD/USD spiked to a high of USD0.9283 immediately following the release before retracing to its current levels at USD0.9274, up 0.43 percent on the session and remaining in bullish territory.