The US dollar failed to sustain growth against the Aussie, as the Australian employment report surpassed expectations. The Australian dollar grew by 9 pips against the Greenback in the next couple of minutes after data were published, though the pair continued trading in a wide range in Thursday’s morning.
The Australian Bureau of Statistics stated that the country’s job market added 27K positions in July, showing an increase for tenth straight month in succession. Data revealed that the stronger employment growth was mainly driven by a surge in part-time jobs, which is unlikely to cause wage rise. Though, the labour market improved steadily during the year, the RBA remained concerned about further pay growth.
