AUD/USD has jumped higher after the strong jobs report, biggest job gain in a year

Australia Employment Change Jun: 76.3K

  • expected 15.0K, prior 40.3K

Unemployment Rate: 4.4%

  • expected 4.4%, prior 4.4%

Full Time Employment Change: 29.3K

  • prior 5.2K

Part Time Employment Change: 47.0K

  • prior 35.2K

Participation Rate: 67.0%

  • expected 66.7%, prior 66.7%

The data will be welcomed by the RBA, it keeps the door open to further rate hikes but doesn not guarantee them. I doubt they’ll hike at thier next meeting:

 

This article was written by Eamonn Sheridan at investinglive.com.

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