Aussie weakens on jobs report

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Source: Bloomberg
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Australian Dollar depreciated against the Greenback on Thursday after country reported the number of jobs unexpectedly declined in December and unemployment rate remained unchanged. Meanwhile the Kiwi fell against its US peers, on national statistics showing consumer prices tumbled in the 4th quarter. Aussie dropped 0.3% to $1.0400 and Kiwi weakened 0.2% to $0.8032. Currently AUD/USD is trading at $1.0386 and NZD/USD is trading at $0.8017.
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Thu, 19 Jan 2012 08:12:11 GMT

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Thu, 19 Jan 2012 06:41:01 GMT

Australia unexpectedly loses jobs in December

Australia unexpectedly reported a drop in number of hirings in December while unemployment rate remained steady. The jobless rate was unchanged at 5.2% while the number of employed people declined by 29 300 to 11.4 million. Experts previously has predicted an unemployment level to climb to 5.3%, and the number of employed to surge by 6000. Australian currency depreciated 0.3%

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