The employment market in Australia continues its strong trend, with 58K jobs added in July.
The jobless rate rose a tick to 4.2%the participation rate hit a new high at 67.2%Underemployment rate 6.3% (prior was 6.4%)
Underutilisation rate 10.6% (prior was 10.5%)
AUD/USD update:
Earlier:
HSBC favors long AUD/NZD following RBNZ rate cut
This article was written by Eamonn Sheridan at www.forexlive.com.
