Australia jobs markets continues in a downtrend

FXstreet.com (Barcelona) - Australian employment data worsened in July, with the latest figures indicating a total of 10,200 jobs were lost vs +5,000 exp and +10,300 last. A total of 6,700 full time jobs were lost vs 4,400 full time jobs also lost last June; 3,500 part-time jobs were also lost in this last reading vs 14,800 prior. The unemployment rate stood at 5.7% vs 5.8% exp and 5.7% last. The rate of participation dropped to 65.1% vs 65.2% exp and 65.3% last.

AUD/USD breaks below 0.90 again on awful Aussie jobs data

The AUD/USD foreign exchange rate is last trading at fresh session lows 0.8988, off recent session lows at 0.8964, printed on the back of much lower than expected Australian jobs data, despite the fact the unemployment rate remains stable at 5.7% when a 5.8% was the consensus.
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