Aussie jumps as jobs data beats estimates

Strong full-time jobs The Australian dollar jumped across the board after July’s employment report came in better than forecast. The Australian economy added a net 41,100 jobs last month, more than the 14,000 economists had…

Aussie higher as China PMI beats estimate

Manufacturing PMI still below 50 The Australian dollar rebounded from six-week lows versus the US dollar this morning after China’s manufacturing PMI came in higher than expected. The manufacturing PMI rose to 49.7 in July,…

Aussie at 2-week low on RBA comments

RBA’s Lowe prepared to ease further In a speech titled “Inflation Targeting and Economic Welfare” late this morning, RBA Governor Lowe said that he would be willing to ease policy further if needed, adding that…

Aussie higher after jobs data

Details better than headline On the headline, the June employment report for June didn’t look too impressive, with a mere net 500 jobs added in the month. However, drilling down into the details showed that…

Aussie steady as China growth slows

AUD/USD holds near 10-day highs The AUD/USD FX pair held steady near 10-day highs after the Chinese economy showed signs of slowing in the second quarter. Q2 growth was 6.2% y/y, a slowdown from Q1’s…

Aussie rises as China trade data delayed

Data after market close Traders in Asia eagerly awaited the June trade data out of China, only to find the wait extended and extended. Latest rumours from the financial press suggest that they will released…

Aussie drops on stubborn unemployment

Jobless rate unchanged Australia’s unemployment rate was unchanged a 5.2% in May, defying economists’ expectations of a dip to 5.1%. An increase in the participation rate to 66.0% from 65.8% could partly explain the unchanged…