The rise of AUDUSD shall be towards 0.97 zone before a fall..
Aussie's gains seen limited even after solid labor data
by Mario Blascak WBP Online Sydney - Labor market conditions in Australia are expected to remain solid as the Australian economy continues to expand strongly, even as it is seen entering a post mining boom deceleration phase, with the economy heavily linked to the underlying trend of the Chinese economy. While May's headline employment number fell 4,800, the structure within was influenced by a strong 2,000 expansion in full-time employment and a similarly strong contraction of 27,000 in part-time employment at the same time. For June, the number of employed is expected to rise by 12,000, confirming the solid ... (full story)