The Australian Dollar depreciated against the US Dollar, following the Australian Employment data set release on Thursday at 01:30 GMT. The AUD/USD exchange currency rate lost 34 pips or 0.48% right after the release. The Aussie continued trading at the 0.6915 level against the Greenback.
Australian Bureau of Statistics released the Australian Unemployment Rate data, which came out worse-than-expected of 5.2% compared with forecast 5.0%. Also, the Australian Employment Change data was released at the same time.
Despite the increased unemployment rate, total employment rose 28.4K in March. This number is stronger than the median estimate of 15.2K. Analysts think that the Reserve Bank of Australia is now under pressure, as the jobs market has to improve for the Australian economy to reach its goals.
| Date | 24.01.19 | 21.02.19 | 21.03.19 | 18.04.19 | 16.05.19 |
|---|---|---|---|---|---|
| Actual | 5.0% | 5.0% | 4.9% | 5.0% | 5.2% |
| Forecast | 5.1% | 5.0% | 5.0% | 5.0% | 5.0% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/JPY | 75.805 | 75.619 | -0.25% |
| AUD/USD | 0.69247 | 0.69118 | -0.19% |
| EUR/AUD | 1.61911 | 1.62169 | 0.16% |
| GBP/AUD | 1.85625 | 1.85885 | 0.14% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/JPY | 71.0% | 29.0% |
| AUD/USD | 72.5% | 27.5% |
| EUR/AUD | 29.2% | 70.9% |
| GBP/AUD | 25.3% | 74.7% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | Monetary Policy Meeting Minutes | - | - |
| Tentative | GBP | Inflation Report Hearings | - | - |
| 22:45 | NZD | Retail Sales q/q | - | 1.7% |