Australian Dollar falls on unemployment growth

Source: Bloomberg
© Scanpix/Reuters
The Aussie weakened the most since the beginning of July as the traders anticipate the RBA to cut the interest rates, following the jobless rate reaching its peak since 2002. The Australian Dollar depreciated at least 0.5% against all 31 major peer. The Australia's unemployment rate exceeded the U.S. level for the first time in seven years. The Aussie dropped 0.9% to 92.70 U.S. cents, the biggest fall since June 5th.

 

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