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The Aussie fell against the Grenback on the weaker-than-anticipated report on the Australian labour market report. The AUD/USD exchange rate declined 0.22% or 17 base points to the 0.7953 mark, but managed to return into the 0.7970 area.
The Australian Bureau of Statistics stated that the country's jobless rate was registered at a seasonally adjusted 5.5% in December, which was above expectations for November's unchanged 5.4%. The report additionally showed that the Australia's economy added 34.7K positions in the reported month, beating forecasts for a 15.1K gain. More Australians were looking for work, while employees are actively hiring, the reason why the consumer confidence reached the four-year high.
| Historical Data Table: Australian Unemployment Rate | Economic Calendar for 18.01.2017 | ||||||||
| Date | 14.09.2017 | 19.10.2017 | 16.11.2017 | 14.12.2017 | 16.11.2017 | 1:30 PM | US Building Permits | ||
| Actual | 5.6% | 5.5% | 5.4% | 5.4% | 5.5% | 1:30 PM | US Housing Starts | ||
| Forecast | 5.6% | 5.6% | 5.5% | 5.4% | 5.4% | 4:00 PM | Crude Oil Inventories | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/JPY | 88.704 | 88.567 | -0.15% | AUD/JPY | 47.90% | 52.10% | |||
| AUD/USD | 0.79712 | 0.79539 | -0.22% | AUD/USD | 37.98% | 62.02% | |||
| EUR/AUD | 1.53106 | 1.53219 | 0.07% | EUR/AUD | 29.46% | 70.54% | |||
| GBP/AUD | 1.73558 | 1.73758 | 0.12% | GBP/AUD | 74.90% | 25.10% | |||