7 May 2015
Australian employment posts a loss of jobs in April – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team reviews the Australian employment data release, noting that the country lost jobs in April, and all eyes remain on the RBA’s quarterly monitory policy statement due tomorrow.
Key Quotes
“Australia April employment change posted a loss of 2.9K jobs, missing expectations for an increase of 4.0K with unemployment rate in line with consensus of 6.2%. Full-time employment decreased by 21.9K, while part-time employment failed to offset the decline by 19.0K rise. The participation rate was in line with estimates and unchanged from prior month.”
“As a result, AUD/USD slipped about 30pips below $0.7930 after the data but quickly bounced back towards $0.8000 level.”
“The central bank is set to release quarterly monetary policy statement Friday with investors casting an eye on how it will gauge its easing bias.”
Key Quotes
“Australia April employment change posted a loss of 2.9K jobs, missing expectations for an increase of 4.0K with unemployment rate in line with consensus of 6.2%. Full-time employment decreased by 21.9K, while part-time employment failed to offset the decline by 19.0K rise. The participation rate was in line with estimates and unchanged from prior month.”
“As a result, AUD/USD slipped about 30pips below $0.7930 after the data but quickly bounced back towards $0.8000 level.”
“The central bank is set to release quarterly monetary policy statement Friday with investors casting an eye on how it will gauge its easing bias.”