AUD/USD rallies further to near 0.6800 on strong Aussie employment data
The AUD/USD pair extends its winning streak for the fourth trading day on Thursday, trading 0.6% higher to near 0.6810 during the European trading session. The Aussie pair gains further as the Australian Dollar (AUD) outperforms its peers, following the release of the employment data for December.
  • AUD/USD extends its winning streak due to strong Australian labor market data for December.
  • The Australian Unemployment Rate surprisingly dropped to 4.1%, and employers hired a fresh 65.2K workers.
  • Receding US-EU disputes have boosted the US Dollar’s appeal.

The AUD/USD pair extends its winning streak for the fourth trading day on Thursday, trading 0.6% higher to near 0.6810 during the European trading session. The Aussie pair gains further as the Australian Dollar (AUD) outperforms its peers, following the release of the employment data for December.

Australian Dollar Price Today

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.02% 0.06% 0.27% -0.05% -0.59% -0.30% -0.23%
EUR 0.02% 0.08% 0.28% -0.04% -0.58% -0.29% -0.22%
GBP -0.06% -0.08% 0.21% -0.12% -0.67% -0.37% -0.30%
JPY -0.27% -0.28% -0.21% -0.31% -0.83% -0.58% -0.49%
CAD 0.05% 0.04% 0.12% 0.31% -0.53% -0.25% -0.18%
AUD 0.59% 0.58% 0.67% 0.83% 0.53% 0.30% 0.35%
NZD 0.30% 0.29% 0.37% 0.58% 0.25% -0.30% 0.07%
CHF 0.23% 0.22% 0.30% 0.49% 0.18% -0.35% -0.07%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).

Australian Bureau of Statistics reported that the economy created 65.2K jobs, significantly higher than 30K estimates. In November, employers fired 28.7K workers, revised higher from 21.3K. The Unemployment Rate surprisingly dropped to 4.1% from the prior reading of 4.4%. Economists expected the jobless rate to increase to 4.4%.

Strong job numbers are expected to boost market expectations, supporting interest rate hikes by the Reserve Bank of Australia (RBA) this year.

The Aussie pair was already performing strongly in the past few trading days as the US Dollar (USD) underperformed due to disputes between the United States (US) and the European Union (EU) over Greenland crisis.

However, the US Dollar rebounded on Wednesday after President Donald Trump took back his decision of imposing 10% tariffs on imports from several EU nations announced last weekend. Trump also stated that Washington will not deploy military action over Greenland.

Going forward, investors will focus on the preliminary Australia-US S&P Global Purchasing Managers’ index (PMI) data for January, which will be released on Friday.

 

Employment FAQs

Labor market conditions are a key element to assess the health of an economy and thus a key driver for currency valuation. High employment, or low unemployment, has positive implications for consumer spending and thus economic growth, boosting the value of the local currency. Moreover, a very tight labor market – a situation in which there is a shortage of workers to fill open positions – can also have implications on inflation levels and thus monetary policy as low labor supply and high demand leads to higher wages.

The pace at which salaries are growing in an economy is key for policymakers. High wage growth means that households have more money to spend, usually leading to price increases in consumer goods. In contrast to more volatile sources of inflation such as energy prices, wage growth is seen as a key component of underlying and persisting inflation as salary increases are unlikely to be undone. Central banks around the world pay close attention to wage growth data when deciding on monetary policy.

The weight that each central bank assigns to labor market conditions depends on its objectives. Some central banks explicitly have mandates related to the labor market beyond controlling inflation levels. The US Federal Reserve (Fed), for example, has the dual mandate of promoting maximum employment and stable prices. Meanwhile, the European Central Bank’s (ECB) sole mandate is to keep inflation under control. Still, and despite whatever mandates they have, labor market conditions are an important factor for policymakers given its significance as a gauge of the health of the economy and their direct relationship to inflation.


Lebih sejuta pengguna bergantung pada FXStreet untuk data pasaran masa nyata, alat carta, pandangan pakar dan berita Forex. Kalendar ekonomi yang komprehensif dan webinar pendidikan mereka membantu pedagang kekal bermaklumat dan membuat keputusan yang dikira. FXStreet disokong oleh pasukan kira-kira 60 profesional di ibu pejabat Barcelona dan pelbagai wilayah global.
Baca Lagi

SEBUT HARGA LANGSUNG

Nama / Simbol
Carta
% Perubahan / Harga
GBPUSD
Perubahan 1 hari
+0%
0
EURUSD
Perubahan 1 hari
+0%
0
USDJPY
Perubahan 1 hari
+0%
0

SEMUA TENTANG FOREX

Terokai Lebih Banyak Alat
Akademi Perdagangan
Layari pelbagai artikel pendidikan yang merangkumi strategi perdagangan, wawasan pasaran, dan asas kewangan, semuanya di satu tempat.
Ketahui Lebih Lanjut
Kursus
Terokai kursus perdagangan berstruktur yang direka untuk menyokong pertumbuhan anda di setiap peringkat perjalanan perdagangan anda.
Ketahui Lebih Lanjut
Webinar
Sertai webinar langsung dan atas permintaan untuk mendapatkan wawasan pasaran masa nyata dan strategi perdagangan daripada pakar industri.
Ketahui Lebih Lanjut