The Australian Dollar traded sideways against the US Dollar, following the Australian Wage Price Index data release on Wednesday at 01:30 GMT. The AUD/USD exchange currency rate lost 8 pips or 0.12% right after the release. The Aussie continued trading at the 0.6930 level against the Greenback.
Australian Bureau of Statistics released the the Australian Wage Price Index data, which came out worse-than-expected of 0.5% compared with forecast 0.6%.
The Reserve Bank of Australia has emphasized that it would focus on developments in the labour market at its upcoming meeting. Despite weak data release, the Australian policymakers remain to stay optimistic about the current situation on the labour market.
| Date | 16.05.18 | 15.08.18 | 14.11.18 | 20.02.19 | 15.09.19 |
|---|---|---|---|---|---|
| Actual | 0.5% | 0.6% | 0.6% | 0.5% | 0.5% |
| Forecast | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/JPY | 76.002 | 75.967 | -0.05% |
| AUD/USD | 0.69333 | 0.69307 | -0.04% |
| EUR/AUD | 1.61655 | 1.61683 | 0.02% |
| GBP/AUD | 1.86247 | 1.86289 | 0.02% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/JPY | 71.8% | 28.3% |
| AUD/USD | 72.3% | 27.7% |
| EUR/AUD | 27.4% | 72.6% |
| GBP/AUD | 26.3% | 73.7% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | Employment Change | 15.2K | 25.7K |
| 1:30 | AUD | Unemployment Rate | 5.0% | 5.0% |
| 15:15 | CAD | BOC Gov Poloz Speaks | - | - |