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AUD/USD: jobs data still should not be forgotten - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the Australian dollar skyrocketed after the release of much better-than-expected local employment figures, resulting in the AUD/USD reaching a daily high of 0.7153.

    Key Quotes:

    "According to official data, the country added 58,600 new jobs in October, way out of the average, whilst the unemployment rate fell to 5.9%. The headline is really hard to believe, but anyway the reading was enough to boost the pair by 100 pips."
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