Australian labour report leavs AUD sidelined, so far

The Australian jobs report has been released yet has done little to move the needle on AUD/USD. 

Australian Employment report

• AUSTRALIA APRIL EMPLOYMENT +4.0K S/ADJ (REUTERS POLL: +30.0K)
• 18-May-2022 19:30:00 - AUSTRALIA APRIL UNEMPLOYMENT RATE +3.9 PCT, S/ADJ (REUTERS POLL: +3.9)
• 18-May-2022 19:30:01 - AUSTRALIA APRIL FULL TIME EMPLOYMENT +92.4K S/ADJ
• 18-May-2022 19:30:01 - AUSTRALIA APRIL PARTICIPATION RATE +66.3 PCT, S/ADJ (REUTERS POLL: +66.4 PCT)

More to come...

AUD/USD update

AUD/USD Price Analysis: Bears take charge, carving out the path to a new daily low

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About the Aussie Employment report

The Australian Bureau of Statistics (ABS) publishes an overview of trends in the Australian labour market, with the unemployment rate a closely watched indicator. It is released about 15 days after the month's end and throws light on the overall economic conditions, as it is highly correlated to consumer spending and inflation. Despite the lagging nature of the indicator, it affects the Reserve Bank of Australia’s (RBA) interest rate decisions, in turn, moving the Australian dollar. The upbeat figure tends to be AUD positive.