Australian Dollar Blossoms on Strong Local Jobs Data, Better Times Ahead?

From dailyfx.com

AUD/USD Jumps on Australian Jobs Data The Australian Dollar popped higher after local jobs data broadly beat expectations. The actual employment change came in at 111K, dramatically outpacing the -50K estimate and prior print at 114.7K. The unemployment rate for August came in lower than anticipated at 6.8%, over 1 percent lower than the 7.7% estimate. AUD/USD - 15-Minute Chart AUD/USD chart created using TradingView Data out of Australia has started to plateau after a brief interim of outperformance brought about partially by overly-pessimistic assessments of the virus’ economic impact earlier this year. The ... (full story)