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Unemployment in Australia is 5.7%

The price of the Australian dollar today showed decline amid a stronger US dollar and falling commodity markets, which have a strong impact on the national currency of Australia, whose economy is heavily dependent on exports of commodities. It is worth noting that today was published important data on the labor market in the country. Thus, the unemployment rate in April was 5.7% against the forecast of growth to 5.8%. At the same time, employment in Australia increased by 10.8 thousand, against the forecast of 12,5 thousand and growing by 25.7 in March. According to our estimates, the fall of the Australian dollar will continue with the closest targets at 0.7120 and 0.7000, but we do not exclude the correctional growth in the near future.

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Thursday, 19 May, 2016 / 11:05

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