The positive report on the Australia's job market contributed to strengthening of the Aussie in Wednesday morning. The Australian Dollar strengthened by 0.46% against the Greenback to consolidate in the 0.8000 area.
The Australian Bureau of Statistics published the report showing that the country's unemployment rate remained at the 5.6% level, in line with expectations. Data revealed the job market added 54.2K new positions over the course of August, while analysts' anticipated a 17.4K gain. The Australian economy was still far to reach full employment, with main concern surrounding flat wage growth, which refrains consumer confidence.
| Historical Data Table: Australian Employment Change | |||||
| Date | 18.05.2017 | 15.06.2017 | 20.07.2017 | 17.08.2017 | 14.09.2017 |
| Actual | 37.4K | 42.0K | 14.0K | 27.9K | 54.2K |
| Forecast | 4.5K | 9.7K | 14.4K | 14.0K | 17.5K |
| Initial Reaction on Main Pairs | |||||
| Open Price | Close Price | % Change | |||
| AUD/JPY | 88.201 | 88.717 | 0.59% | ||
| AUD/USD | 0.7976 | 0.80124 | 0.46% | ||
| EUR/AUD | 1.49013 | 1.48175 | -0.56% | ||
| GBP/AUD | 1.65689 | 1.64813 | -0.53% | ||