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Unemployment in Australia was 5.8%

The price of the Australian dollar continues to decline amid weak commodity markets, as well as investors' fears about the impact of the slowdown of the Chinese economy on the national currency of Australia. It is worth noting that today was published statistics on the unemployment rate in Australia, which was at 5.8% in December, which is 0.1% better than expected. At the same time, the number of employed people fell by 1 thousand after rising by 75 thousand in November. The negative was the message on the reduction of the economically active population to 65.1%, which is 0.2% less than in November. We expect a continuation of the negative dynamics of the Australian dollar with the potential fall to 0.68 and 0.65.

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Thursday, 14 Jan, 2016 / 1:24

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Source : https://fxfinpro.com/en/analytics

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