Australian employment data for August - AUD/USD dribbling lower

The data and initial analysis from the Australian employment report is here

The 'headline' was a big miss, but the detail is more missed

Unemployment down

Participation down offsets that somewhat

'Trend' data is more positive .... but 'trend underemployment' is still worsening, and this is not a positive (Check out the link to the post for more)

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The Australian dollar is drifting lower after an initial spike down and bounce (nearly) back.:

AUD is still heavy

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