Forex News – Australian jobs report mixed; Aussie eases after initial jump
Posted on February 16, 2017 at 1:20 pm GMTAustralia’s unemployment rate unexpectedly declined in January, significantly boosting the Australian dollar against other major currencies. However, a more careful look into the details underpinning the data painted a more of a mixed picture and led to the aussie dollar easing off from earlier gains. Delving into the numbers, January’s unemployment rate fell to 5.7% from 5.8% the previous month. Expectations were for the rate to stay put at 5.8%. The economy added 13,500 jobs in January, far higher than [..]