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Australian Dollar Drops After Disappointing Unemployment Data

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Feb 18, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    The Australian dollar dropped against its U.S. counterpart on Thursday after a report showing unemployment unexpectedly soared in January, raising rate cut bets. The jobless rate climbed to 6 percent last month, the highest since September, compared to both prior and excepted readings of 5.8 percent.[​IMG]

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