12 Nov 2015
AUD/USD: jobs data still should not be forgotten - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the Australian dollar skyrocketed after the release of much better-than-expected local employment figures, resulting in the AUD/USD reaching a daily high of 0.7153.
Key Quotes:
"According to official data, the country added 58,600 new jobs in October, way out of the average, whilst the unemployment rate fell to 5.9%. The headline is really hard to believe, but anyway the reading was enough to boost the pair by 100 pips."
Key Quotes:
"According to official data, the country added 58,600 new jobs in October, way out of the average, whilst the unemployment rate fell to 5.9%. The headline is really hard to believe, but anyway the reading was enough to boost the pair by 100 pips."