Australia's Aug job figures beat expectations

FXStreet (Bali) - Australia's employment change for August came in at +17.4K vs +5K expected and +37.9K last, with the unemployment rate at 6.2% vs 6.2% expected and 6.3% prior. The full time employment change stood at 11.5K vs +12.2K last, and part time employment change saw a 5.9K rise vs +25.6K last. Lastly, the participation rate came at 65.0% vs 65.0% exp and 65.1% last.

AUD/USD garners support on strong jobs again

AUD/USD was back below the 0.70 prior to the key jobs data and Chinese CPI/PPI data in risk-off and sensitive markets, but now trades higher on the back of China CPI Y/Y 2.0% vs 1.8%, 0.5% M/M vs 0.4% exp and better than expected jobs report from Australia.
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