AUD/USD: Australian Employment Data Set

The Australian Dollar appreciated against the US Dollar, following the Australian Employment data set release on Thursday at 00:30 GMT. The AUD/USD exchange currency rate gained 27 pips or 0.40% right after the release. The Aussie continued trading at the 0.6785 level against the Greenback.

The Australian Bureau of Statistics (ABS) released the Australian Unemployment Rate data, which came out better-than-expected of 5.2% compared to the forecast of 5.3%.

The ABS Chief Economist Bruce Hockman commented: "All of Australia's key trend measures remained steady in September 2019, with the unemployment rate at 5.3 per cent and the participation rate at 66.2 per cent."