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Australian unemployment rate remains stable at 5.2%.

Written by Sam Coxhead on August 9th, 2012.      0 comments

1:49 PM (NZT) The just released Australian Employment numbers show increased jobs on the 2nd quarter of 14k vs an expected 10.2k increase. The increase was driven by both full and part time jobs growth and saw the unemployment rate steady at 5.2% (5.3% expected). The Australian dollar reacted with modest appreciation and no attention moves to tomorrow quarterly Monetary Policy Statement from the RBA.
 
Also of note is the just released Chinese inflation number for July. It came in at 1.8% vs an expectation of a 1.7% rise.
 
The NZ dollar has managed to bounce slightly from the lows seen post NZ employment numbers earlier today. Interestingly , looking more closely at the breakdown of the NZ numbers, it is Christchurch that is really soft, with most other regions relatively stable. The rebuild activity is still not fully registering and would be a welcomed pick up in the remaining two quarters of 2012.
 
          Past 24 hours
  Current level Pre-AU Employ  % Chge since AU Employ   Low High
NZD/USD 0.8140 0.8138 0.02%   0.8109 0.8166
AUD/USD 1.0591 1.0570 0.20%   1.0528 1.0585
NZD/AUD 0.7688 0.7700 -0.16%   0.7672 0.7726
AUD/NZD 1.3007 1.2987 0.16%   1.2943 1.3034
NZD/GBP 0.5189 0.5192 -0.06%   0.5177 0.5226
NZD/EUR 0.6572 0.6576 -0.06%   0.6549 0.6604
NZD/YEN 63.87 63.88 -0.02%   63.59 64.04
NZD/CAD 0.8090 0.8095 -0.06%   0.8064 0.8130
 

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