The Australian unemployment rate will be released on August 13 at 4:30 MT time!
The jobs data may support the AUD
The Australian jobs data will be out on May 16, at 4:30 MT. The indicator of employment change demonstrates how many people were employed during the previous month. Analysts anticipate it to advance by 15,200 people this time. As for the unemployment rate, it is anticipated to remain at the same level of 5%. The indicators may bring positive momentum to the AUD, which is struggling amid the trade tensions.
• If the actual level of employment change is higher and the unemployment rate is lower than the forecasts, the aussie will go up;
• If the actual level of employment change is lower and the unemployment rate is higher than the forecasts, the aussie will go gown.
Follow the report on August 14 at 15:30 MT time!
The market sentiment switched to risk-on. The US dollar is dipping down, while riskier assets are rising, especially the Australian dollar after the positive employment data. All eyes on US unemployment claims.
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