Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Forex - AUD/USD gains on solid Australian jobs data

ForexOct 10, 2012 09:42PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Investing.com - The Australian dollar rose against the greenback on Thursday after the government revealed the country added more jobs than expected in September.

In Asian trading on Thursday, AUD/USD hit 1.0252, up 0.17%, up from a session low of 1.0219 and off from a high of 1.0266.

The pair was likely to test support at 1.0185, Wednesday's low, and resistance at 1.0275, Friday's  high.

The number of employed people in the country rose by 14,500 last month, the most since May, the Australian Bureau of Statistics reported.

Australia’s unemployment rate rose a little more than expected last month, mainly because more jobless workers began searching for employment, thus jumping back into the labor market.

Only unemployed workers who are actively seeking work can be considered part of the labor market, and when more resume job searches, the participation rate rises and with it, so does the percentage of unemployed workers.

The statistics bureau reported that Australia's unemployment rate rose to a seasonally adjusted 5.4%, from 5.1% in August.

Analysts had expected Australian unemployment rate to rise to 5.3% last month.

The Australian dollar, meanwhile was up against the euro and up against the yen, with EUR/AUD down 0.48% at 1.2522 and AUD/JPY up 0.03% at 80.04.

Later Thursday, the U.S. will release government data on the trade balance, initial jobless claims, import prices and crude oil stockpiles.

Also Thursday, finance ministers and central bankers from the G7 group of industrialized nations are due to hold talks in Tokyo.









Forex - AUD/USD gains on solid Australian jobs data
 

Related Articles

Dollar Stable; Safe Haven Remains Near 20-Year High
Dollar Stable; Safe Haven Remains Near 20-Year High By Investing.com - May 16, 2022

By Peter Nurse Investing.com - The U.S. dollar held firm in early European trade Monday, just off a 20-year high as traders sought out this safe haven amid concerns of slowing...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email