Thu, 07 Aug 2014 08:57:08 GMT
Australian unemployment reaches highest level in 12 years
Australia's jobless
numbers were larger than the US for the first time since 2007 sending
the Aussie into a steep fall. The unemployment data came out at 6.4%
rising from 6% as this high of a number was not even seen in the
financial crisis, when the boom in Australia's mining helped keep it
lower. Furthermore, the AUD/USD dropped from 93.43 to 92.87 after
the