Currency Note Worldwide

Australian dollar weakens on poor employment data

By Smart Currency October 10th, 2014

  • Thursday was an up-and-down day for the Japanese yen, particularly against the US dollar. The greenback took back the initial losses it made on Thursday, coming off morning lows stemming from dovish Federal Reserve minutes and better-than-expected Japanese factory data. Better-than-expected weekly jobless claims in the US supported the dollar later in the day. The US Department of Labour stated the number of individuals filing for initial jobless benefits fell by 1,000 from the previous week, with the official figure standing at 287,000.
  • We also saw the Australian dollar make unexpected losses after jobs data came in worse than expected. The official statistics released from the Australian Bureau of Statistics stated that the unemployment rate stood at 6.1% in September.

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