The November employment report from Australia is a good one, jobs added after the decline in the previous month
- Australia unemployment rate 5.2% (vs. 5.3% expected)
- Australian employment report - what about the trend?
AUD/USD was marked higher but is showing some retracement:
Why would the AUD fall after it popped? One reason is that while this was a good report the unemployment rate is a LONG way from the RBA target of 4.5% (they want the jobless rate down to help create more inflation in the economy). A February rate cut is not off the table due to one month's job report.
