FOREX TradingCharts.com

Forex News: Australian Dollar Lower After Disappointing Jobs Data

Australian Dollar Lower After Disappointing Jobs Data

11/14/2019 - 02:10:00 (RTTNews)

(RTTNews) - The Australian dollar declined against its major counterparts in the Asian session on Thursday, as a data showed that the nation's employment unexpectedly fell in October, while the jobless rate rose.

Data from the Australian Bureau of Statistics showed that Australia jobless rate rose a seasonally adjusted 5.3 percent in October from 5.2 percent in September. That was in line with economists' expectations.

The seasonally adjusted number of employed persons decreased by 19,000 in October to a three-month low of 12.91 million.

Economists had expected a 15,000 increase. In the previous month, employment grew by a downward revised 12,500 persons.

Sentiment deteriorated on trade uncertainty after the Wall Street Journal reported that trade talks have hit a snag over Chinese purchases of U.S. agricultural products.

Data that showed China's industrial production for October missed estimates and Japan's economic growth touched a one-year low in the third quarter also weighed.

The aussie slipped to a 2-1/2-month low of 1.0625 against the kiwi, from Wednesday's closing value of 1.0665. The next likely support for the aussie is seen around the 1.05 level.

The aussie declined to a 4-week low of 0.6796 against the greenback, compared to 0.6838 hit late New York Wednesday. The aussie is seen finding support around the 0.63 region.

The Australian currency depreciated to a 4-week low of 73.82 against the yen, from yesterday's closing quote of 74.41. The aussie may challenge support around the 70.00 level.

The aussie fell to 1.6193 against the euro, its weakest since November 1. The aussie is poised to find support around the 1.64 area.

The aussie that ended Wednesday's trading at 0.9061 against the loonie dropped to a new 2-week low of 0.9010. Should the aussie slides further, it may target support around the 0.89 level.

Looking ahead, German GDP data for the third quarter and Swiss producer and import prices for October are slated for release in the pre-European session.

U.K. retail sales for October, Eurozone GDP and unemployment data for the third quarter are due out in the European session.

In the New York session, Canada new housing price index for September, U.S. producer prices for October and weekly jobless claims for the week ended November 9 will be featured.

At 10:00 am ET, Federal Reserve Chair Jerome Powell will testify on the economy before the House Budget Committee in Washington DC.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Climbs After U.S. Jobs Data (12 hr(s), 34 min(s), 37 sec(s) ago)
(RTTNews) - After the release of U.S. jobs data for November at 8:30 am ET Friday, the greenback a ...Full Story»

Loonie Falls Following Canada Jobs Data (12 hr(s), 34 min(s), 37 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada has released Canada jobs data for November. Af ...Full Story»

Loonie Mixed Ahead Of Canada Jobs Data (12 hr(s), 43 min(s), 37 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada jobs data for November. Ah ...Full Story»

Dollar Mixed Ahead Of U.S. Jobs Data (12 hr(s), 43 min(s), 37 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, the Labour Department will release U.S. jobs data for November. ...Full Story»

Pound Little Changed After UK Halifax House Price Index (17 hr(s), 34 min(s), 37 sec(s) ago)
(RTTNews) - Following the release of UK Halifax house price data at 3:30 am ET Friday, the pound c ...Full Story»

Australian, New Zealand Dollars Climb On Trade Deal Hopes (18 hr(s), 43 min(s), 37 sec(s) ago)
(RTTNews) - The Australian and New Zealand dollar strengthened against their major counterparts in ...Full Story»

Euro Little Changed After German Industrial Output (19 hr(s), 01 min(s), 37 sec(s) ago)
(RTTNews) - At 2.00 am ET Friday, Destatis has published Germany's industrial output data for ...Full Story»

Euro Mixed Ahead Of German Factory Orders (19 hr(s), 13 min(s), 37 sec(s) ago)
(RTTNews) - At 2.00 am ET Friday, Destatis is scheduled to issue Germany's industrial output d ...Full Story»

Search

FOREX NEWS

Loonie Falls Following Canada Jobs Data

12/06/2019 - 08:34 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada has released Canada jobs data for November. Af ...Full Story>>

Dollar Climbs After U.S. Jobs Data

12/06/2019 - 08:34 AM (RTTNews)
(RTTNews) - After the release of U.S. jobs data for November at 8:30 am ET Friday, the greenback a ...Full Story>>

Dollar Mixed Ahead Of U.S. Jobs Data

12/06/2019 - 08:25 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, the Labour Department will release U.S. jobs data for November. ...Full Story>>

Loonie Mixed Ahead Of Canada Jobs Data

12/06/2019 - 08:25 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada jobs data for November. Ah ...Full Story>>

Pound Little Changed After UK Halifax House Price Index

12/06/2019 - 03:35 AM (RTTNews)
(RTTNews) - Following the release of UK Halifax house price data at 3:30 am ET Friday, the pound c ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.