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Australian Unemployment – Worse than expectation

Written by Andrew Isbister on August 11th, 2011.      0 comments

1:30 PM (NZT) Australian unemployment data released has come in worse than expectation, at 5.1% in July. This is the highest level since November 2011. As a result the Australian dollar sold off hard versus the USD, Great British Pound, and the New Zealand dollar.

Immediately after the release the Australian dollar was trading at the following rates:
 
AUDUSD              1.0125                   down from 1.0225           (- .98%)
AUDGBP              .6270                     down from .6320             ( -.80%)
AUDNZD              1.2416                   down from 1.2478           ( -.50%)
AUDEUR               .7140                    down from .7201              ( -.83%)
 

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