The aussie was the biggest mover in Thursday’s Asian session after domestic jobs data. The Australian economy added more jobs than forecast in April, as employers hired 50,100 more people, versus the expected 11,000.
The increase in jobs positions helped push down the unemployment rate fell to 5.5 percent from 5.6 percent in the previous month.
AUDUSD shot up over 90 pips to $1.0252 from $1.0161.
Today’s data was a sigh of relief to investors who were concerned that the Reserve Bank of Australia will cut rates again after lowering the rate to a record low 2.75 percent on May 7.
The aussie was the biggest mover in Thursday’s Asian session after domestic jobs data. The Australian economy added more jobs than forecast in April, as employers hired 50,100 more people, versus the expected 11,000.
The increase in jobs positions helped push down the unemployment rate fell to 5.5 percent from 5.6 percent in the previous month.
AUDUSD shot up over 90 pips to $1.0252 from $1.0161.
Today’s data was a sigh of relief to investors who were concerned that the Reserve Bank of Australia will cut rates again after lowering the rate to a record low 2.75 percent on May 7.
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