When is the Australian employment report and how could it affect AUD/USD? By anilpanchal7 Australia Employment AUDUSD Events RiskAppetite
The jobs figures have been important considering the recent run-up in inflation and the Reserve Bank of Australia’s slightly easy hesitance to rate-hike. It should be noted, however, that the recently mixed signals from the Aussie central bank and more importance to the risk catalysts dim the charm of today’s Aussie jobs report.
Although expectations of firmer data may offer immediate strength to the AUD/USD prices, the quote needs support from theto recall the buyers, due to the recent emphasis on risk catalysts. Another reason that weighs on the importance of the Aussie jobs report is the RBA’s latest Minutes repeating its no rate-hike pledge, as well as higher importance to inflation concerns.
The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive for the AUD, while a low reading is seen as negative .
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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