Trading the News: Australia Employment Change
Updates to Australia’s Employment report may fuel a larger recovery in AUD/USD[1] as job growth is expected to rebound 18.0K in August.
A batch of positive developments may trigger a bullish reaction in the Australian dollar[2] as it instills an improved outlook for growth and inflation, and signs of a more robust economy may encourage the Reserve Bank of Australia (RBA) to gradually change its tune ahead of 2019 as ‘members continued to agree that the next move in the cash rate would more likely be an increase than a decrease.’
As a result, a marked rebound in Australia Employment may curtail the recent weakness in AUD/USD, but another below-forecast print may fuel fresh yearly lows in the aussie-dollar exchange rate as market participants push out bets for an RBA rate-hike. Sign up and join DailyFX Junior Currency Analyst Daniel Dubrovsky LIVE[3] to cover the updates to Australia’s employment report.
Impact that the Australia Employment report has had on AUD/USD during the last print
|
Period |
Data Released |
Estimate |
Actual |
Pips Change (1 Hour post event ) |
Pips Change (End of Day post event) |
|
JUL 2018 |
08/16/2018 01:30:00 GMT |
15.0K |
-3.9K |
+28 |
+23 |
July 2018Australia Employment Change
AUD/USD 5-Minute Chart
Australia unexpectedly shed 3.9K
