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AUD/USD Daily Forecast: Rate Path Divergence and a Move Toward $0.70
The AUD/USD advanced by 0.21% on Thursday, August 15, closing at $0.66102. Australian labor market data left the RBA on watch as it eyes inflation trends. Aussie Labor Market The Australian unemployment rate increased from 4.1% in June to 4.2% in July. An unexpected increase in the participation rate drove the unemployment rate higher. The participation rate climbed from 66.9% in June to a record high of 67.1% in July. While more people are looking for jobs, the employment figures indicate that hiring continued steadily. Tight labor market conditions may support wage growth, increasing disposable income, and consumer ... (full story)
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- Posted: Aug 15, 2024 11:01pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,074
