Thursday, 19 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
AUD/USD Hits Two-Week Low After Australian Jobs Data
Thursday, 13 June 2019 09:19 WIB | CURRENCIES |Dolar Australia,AUD/USD,

AUD/USD slipped to 0.6914, the lowest level since May 31, after the official data released at 01:30 showed Australia's jobless rate remained steady at 5.2% in May.

The markets were expecting the unemployment rate to drop to 5.1%. Further, the data showed the economy added 42.3K jobs in May, beating both the forecasted job growth of 17.5K and April's print of 28.4K by a big margin.

The big beat on the employment change, however, failed to put a bid under the AUD, possibly because the full-time jobs increased by a meager 2.4K, meaning the massive job addition in May was largely fueled by part-time jobs.

Overall, the jobs report is pointing to labor market weakness. As a result, the markets may pull forward expectations of an RBA rate cut to July, keeping the AUD under pressure in the short-term.

As of writing, the AUD/USD pair is trading at 0.6917, representing a 0.17% drop on the day. The currency pair closed at 0.6928 on Wednesday, violating the ascending trendline connecting May 23 and May 31 lows. So, the path of least resistance is to the downside.

Source : FX Street

RELATED NEWS
Sterling edges back from six-week high, BoE in focus...
Wednesday, 18 September 2019 15:51 WIB

Sterling edged lower on Wednesday after climbing to a new six-week high on hopes for a last-minute Brexit deal, while investors turned their attention to the Bank of England meeting on Thursday. The ...

Dollar holds gains as oil shock eases, Fed in focus...
Wednesday, 18 September 2019 08:16 WIB

The dollar traded near a seven-week high versus the yen as oil markets recovered from a supply shock, but the focus is firmly on a U.S. Federal Reserve meeting later on Wednesday that is widely expect...

Dollar Broadly Higher Ahead of ZEW, Fed Meeting...
Tuesday, 17 September 2019 15:20 WIB

The dollar was mostly higher in early trading in Europe Tuesday, as fears of a sustained spike in oil prices and conflict in the Persian Gulf undercut risk assets ahead of the U.S. Federal Reserve™s...

Japanese Yen Unchanged Despite Initial Trade Accord with U.S....
Tuesday, 17 September 2019 11:04 WIB

The Japanese yen stayed largely unchanged against the U.S. dollar on Tuesday in Asia despite news that the U.S. reached an initial trade accord with Japan over tariffs. It is unclear whether the U.S....

Oil currencies, dollar buoyed as Saudi attacks keep crude elevated...
Tuesday, 17 September 2019 08:30 WIB

Oil exporter currencies held firm while the dollar found broad support as recent attacks on Saudi oil facilities and the threat of military action in the region kept crude prices kept prices elevated....

LATEST NEWS
Hong Kong Shares Fall For Third Day

Hong Kong stocks finished Wednesday with losses, extending a sell-off to a third day as traders fret over the impact of protests on the city, while they are awaiting a key Federal Reserve policy decision later in the day. The Hang Seng Index eased...

S&P 500 Ends Near Flat After Fed Mixed Signals On Future Policy

The benchmark S&P 500 index ended almost flat on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move. The Dow Jones...

U.S. Oil Futures Extend Losses to a Second Session

Oil futures fell on Wednesday, after suffering a loss of nearly 6% a day earlier, pressured as Saudi Arabia's output levels looked to recover much sooner than expected and the U.S. government reported a weekly rise in domestic crude inventories,...

POPULAR NEWS
Gold Settles at a More Than a 1-Week High as Historic Oil Outage Rattles investor Nerves
Tuesday, 17 September 2019 01:34 WIB

Gold futures finished solidly higher on Monday, at their highest price in just over a week, after an attack on Saudi Arabian oil production sent oil...

Gold Notches Second Straight Gain, Adds to Climb Toward 1-Week High
Wednesday, 18 September 2019 01:26 WIB

Gold futures on Tuesday marked a second gain in a row, extending a climb to the highest price in about a week. Traders continued to monitor...

Gold Prices Jump Amid Middle East Tensions; Investors Eye Central Banks Meetings
Monday, 16 September 2019 13:17 WIB

Gold Prices jumped on Monday in Asia after a strike against two Saudi Arabian oil facilities heightened tensions in the Middle East and boosted...

Gold scores a pop from historic oil outage
Monday, 16 September 2019 20:44 WIB

Gold futures headed solidly higher on Monday after an attack on Saudi Arabian oil production sent oil prices skyrocketing and investors turning to...