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Good news for the Australian job market

By Ricky Bean March 13th, 2015

  • The Australian dollar finally pulled away from six year lows following the release of better than expected Australian employment data. The Australian Bureau of Statistics reported that the number of employed people rose by 15,600 in February 2015, above the expectations for an increase of 15,000. The report also showed that Australia’s unemployment rate went down to 6.3% last month, from a figure of 6.4% in January.
  • Following the eagerly anticipated Reserve Bank of New Zealand (RBNZ) interest rate announcement on Thursday, the New Zealand dollar rallied over one percent. The RBNZ decided to keep rates as they were, citing strong economic growth as the reason.

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