AUD/USD

Roughly 5.1% of daily trades. Nicknamed “Aussie,” its value is tied to Australian commodity exports like iron ore and coal.

AUD/USD

AUD/USD Dips to 0.6630 on Weak Australian Jobs Data: What’s Next?

AUD/USD slips to around 0.6630 following weaker-than-expected Australian employment data showing a drop of 6,600 jobs and a rise in unemployment to 4.1%. The disappointing labor market outlook dampens hopes for further RBA rate hikes, while the US dollar gains ground amid relatively stronger economic indicators. Original report by VT Markets team.

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