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Australian Dollar Boosted by Amazing Jobs Data

December 14, 2017 at 11:16 by Vladimir Vyun

Reverend John Flynn on Australian 20-dollar billThe Australian dollar gained on its most-traded rivals today after the surprisingly good employment report boosted the currency.

Australian employment climbed by 61,600 in November, more than three times the forecast increase of 18,100. It was the biggest gain since October 2015. The increase was mainly a result of growth in full-time jobs.

What is more the participation rose from 65.2% to 65.6% — the highest level in more than 6 years. The unemployment rate was stable at 5.4%.

AUD/USD rallied from 0.7635 to 0.7662 as of 11:14 GMT today. EUR/AUD declined from 1.5482 to 1.5436. AUD/JPY gained from 85.92 to 86.38.

If you have any questions, comments or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

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