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Australian unemployment rate 5.3%

By Sean Lee  || March 11, 2010 at 00:31 GMT
|| 10 comments || Add comment

But less new jobs have been created, 400 as opposed to 15,000 expected. AUD/USD a bit lower around .9130.

(edit) The good news in the data is that there were 11,400 full-time jobs created and 11,000 part-time jobs lost and this is a reversal of the trend from the last 12 months.

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10 Responses to “Australian unemployment rate 5.3%”

  1. Alex on March 11th, 2010 00:36 GMT

    400 jobs, ouch. I guess the previous months 52k job growth put a cap on hiring.

  2. Rance San on March 11th, 2010 00:37 GMT

    Hi Sean, do you think that EURUSD will make a push up this session?

  3. Sean Lee on March 11th, 2010 00:39 GMT

    I doubt very much if EUR will move much during the Asian session Rance. If AUD continues to drift lower, then EUR/USD will probably also fall a bit.

  4. Rance San on March 11th, 2010 00:44 GMT

    Thanks, I still have a hard time figuring out the correlation of why the AUD would have a negative effect on the EUR. Can you explain?

  5. hart on March 11th, 2010 00:47 GMT

    That 9120 level in aud/usd is stubborn. Must be those corporate buyers. Good opportunities to buy I think. Fun trading everyone!

  6. lilac on March 11th, 2010 00:48 GMT

    This’ll go down well after the Greek PM’s PR tour, and the report to the EU that the implementation of the deficit plan is ahead of schedule.

    Strike to paralyse Greece as anger builds

    http://uk.reuters.com/article/idUKLDE6291W720100310

  7. Solange on March 11th, 2010 00:50 GMT

    Poor Sean (as there are no major AUD marketing moving events scheduled from now through until the release of the RBA’s meeting minutes next Tuesday)!

  8. Zeke on March 11th, 2010 00:58 GMT

    Dollar strength Rance San, or just risk aversion in general.

  9. Rance San on March 11th, 2010 01:00 GMT

    Thanks Zeke…

  10. Sean Lee on March 11th, 2010 01:10 GMT

    At least it’s nearly Friday Solange.



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