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The Aussie rose against the US Dollar, following the release showing unexpected decrease in Australia's unemployment. On the report, the AUD/USD currency pair showed high volatility to eventually appreciate by 0.15% or 11 base points to the 0.7598 mark and continue consolidation at a slightly stronger area of 0.7600.
The Australian Bureau of Statistics said that the country's employment grew for a 13th month in succession, while the jobless rate dropped to the lowest rate in more than four years. Data indicated that Australian unemployment rate dipped to 5.4% in October. Despite solid jobs growth, the job market remained slack due to weak pay growth, setting inappropriate environment for talks on rate increases.
| Historical Data Table: AU Unemployment Rate | Economic Calendar for 16.11.2017 | ||||||||
| Date | 20.07.2017 | 17.08.2017 | 14.09.2017 | 19.10.2017 | 16.11.2017 | 9:30 AM | UK Retail Sales | ||
| Actual | 5.60% | 5.60% | 5.60% | 5.50% | 5.40% | 1:30 PM | Canadian Manufacturing Sales | ||
| Forecast | 5.60% | 5.60% | 5.60% | 5.60% | 5.50% | 1:30 PM | US Import Prices | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/JPY | 85.641 | 85.845 | 0.24% | AUD/JPY | 32.72% | 67.28% | |||
| AUD/USD | 0.75851 | 0.75979 | 0.17% | AUD/USD | 59.66% | 40.34% | |||
| EUR/AUD | 1.55265 | 1.55035 | -0.15% | EUR/AUD | 27.00% | 73.00% | |||
| GBP/AUD | 1.73632 | 1.73372 | -0.15% | GBP/AUD | 57.67% | 42.33% | |||