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.


Hơn một triệu người dùng dựa vào FXStreet để có dữ liệu thị trường thời gian thực, công cụ biểu đồ, góc nhìn chuyên gia và tin tức Forex. Lịch kinh tế toàn diện và các hội thảo web giáo dục giúp nhà giao dịch luôn cập nhật và đưa ra quyết định có tính toán. FXStreet có khoảng 60 nhân sự, chia giữa trụ sở Barcelona và nhiều khu vực toàn cầu.
Đọc thêm

GIÁ TRỰC TIẾP

Tên / Ký hiệu
Biểu đồ
% Thay đổi / Giá
GBPUSD
Thay đổi 1 ngày
+0%
0
EURUSD
Thay đổi 1 ngày
+0%
0
USDJPY
Thay đổi 1 ngày
+0%
0

TẤT CẢ VỀ FOREX

Khám Phá Thêm Công Cụ
Học Viện Giao Dịch
Duyệt qua nhiều bài viết giáo dục về chiến lược giao dịch, thông tin thị trường và kiến thức tài chính cơ bản, tất cả ở một nơi.
Tìm Hiểu Thêm
Khóa Học
Khám phá các khóa học giao dịch có cấu trúc được thiết kế để hỗ trợ sự phát triển của bạn ở mọi giai đoạn trong hành trình giao dịch.
Tìm Hiểu Thêm
Webinar
Tham gia các webinar trực tiếp và theo yêu cầu để có được thông tin thị trường thời gian thực và chiến lược giao dịch từ các chuyên gia trong ngành.
Tìm Hiểu Thêm