When is the Australian employment report and how could it affect AUD/USD? – by anilpanchal7 AUDUSD Australia Employment Events RiskAversion
Market consensus suggests that the headline Unemployment Rate may remain unchanged at 3.7% on a seasonally adjusted whereas the Employment Change could rise by 15.0K versus the previous contraction of 4.3K. Further, the Participation Rate is expected to remain unchanged at 66.7% during the stated month.data, today’s Aussie inflation expectations and employment numbers appear more important for the AUD/USD pair.
That said, today’s Australian employment report for May is less likely to work as a positive catalyst for the AUD/USD unless posting an extremely upbeat outcome. The reason could be linked to the market’s favor for thehawkish Federal Reserve commentary. However, a knee-jerk reaction to the top-tier statistic can’t be ruled out.
The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive for the AUD, while a low reading is seen as negative .
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