The risk sentiment gets better as Chinese data improves
The recent Chinese figures bring optimism
Will the jobs data support the aussie?
Australia will release the level of employment change and unemployment rate on June 13, at 4:30 MT time.
The employment change shows the change in the number of employed people during the previous month. As for the unemployment rate, it represents the percentage of the total unemployed workforce. Last time, the level of employment change outperformed the forecast of 15.2 thousand people. It advanced by 28.4 thousand people. However, the actual level of unemployment rate disappointed the market with an increase to 5.2%. As a result, the aussie suffered. What will happen this time?
• If the actual level of employment change is higher and the unemployment rate is lower than the forecasts, the AUD will rise;
• If the actual level of employment change is lower and the unemployment rate is higher than the forecasts, the AUD will fall.
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The risk sentiment gets better as Chinese data improves
The recent Chinese figures bring optimism
ZAR and TRY: central banks bring the action
On Thursday, January 16 two central banks: the Reserve bank of South Africa and the Turkish Central Bank will make their interest rate decisions.
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