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AUD/USD drops following higher than expected Aussie Unemployment Rate


Thursday, 20 February 2020 08:08 WIB

Dolar ASDolar Australia,AUD/USD,


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AUD/USD declines to 0.6678 after flashing the intra-day low of 0.6668 as Australia’s employment data disappoints Aussie traders on early Thursday.

Australia’s January month employment data suggest the headlines Employment Change rose well beyond 10K to 13.5 whereas the Unemployment Rate also increased by 5.3% against 5.2% expected. Further details indicate that the Fulltime Employment and Part-Time Employment levels registered mixed play with the former rising from -0.3K to 46.2 while the latest declining from 29.2K to -32.7K. Additionally, Participation Rate inched up to 66.1% from 66.0% prior and expected.

Source : FXstreet


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