Feb employment rose 47.3k in Australia, much bigger than expected (consensus 15k) while the unemployment rate remained at 6%. The components were positive, with full time employment rising by 80.5k and part time employment dropping by 33.3k. The participation rate rose to 64.8% too. AUD rallied following the release of the data and looks set to consolidate gains. However, upside may still be limited given the various headwinds of higher risk aversion and lower commodity prices, with AUD/USD 0.9133 set to act as near term resistance.
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- Gold futures end lower, but post a modest gain for the week
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- Forget health and wellness -- Twinkie parent Hostess will benefit from consumer desire for indulgent snacks
- U.s. business inventories jump 0.6% in August
- FDA: Abbott is recalling two lab-based COVID-19 tests due to the possibility of false positive results
- Dow up over 200 points as stocks open with gains after retail sales data
- Ford stock gains after China sales report, with Q3 down but year-to-date sales up
Impressive Aussie jobs data
March 13, 2014 — Mitul KotechaShare this blog
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