The Australian Dollar jumped markedly against the Greenback, owing to strong job market figures Thursday morning. The AUD/USD exchange rate rose 0.23% or 18 base points to touch the peak of 0.7866, making attempts to continue an upward trend.
The Australian Bureau of Statistics showed that the country’s labour marked faced the fastest yearly growth pace, putting the unemployment rate lower. Data showed the Australian employment climbed 19.8K in the prior month, showing the 12th straight month of gains, while unemployment rate fell modestly to 5.5% in the reported period. However, despite improvements in the job market, the pay growth is expected to remain subdued.
