Breaking: Aussie jumps on strong labour market report
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Australia´s employment data has been released by the Australian Bureau of Statistics as follows:
More to come…
AUD/USD has rallied hard on the data to break above 0.6700
As per the prior analysis from earlier in the day, AUD/USD Price Analysis: Bears eye a break of key support structures, AUD/USD is testing major resistance.
More to follow …
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 (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
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