AUD tries to resist the negative influence of Fed

15 December, 2016

Australian labor market data have become an important piece of information from this economy this year. After smooth growth last year the market entered a strange phase of net creating jobs but only in the part-time segment. Full-time employment decreased by 46k so far this year. Such developments are actually seen as unwelcome by RBA which is stressed in the recent statements and comments from Australian central bank.

So the labor market now has high leverage in influencing monetary policy of Australia

Let’s see what the November data, released at 0:30am shows.

total employment change exceeded +39k while 17.5k was expected and the previous reading was revised higher by more than 5k


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