Thu, 06 Dec 2012 09:08:38 GMT
Australia's unemployment unexpectedly drops pushing Aussie higher
Australia's jobless rate unexpectedly declined in November, sending the Australian Dollar higher. The unemployment rate dropped from 5.4% in October to 5.2%, according to data released by the statistics bureau, while economists projected an increase to 5.5%. The Aussie was at $1.0469 at 1:03 p.m. Sydney time, comparing to $1.0447 before report release.