06.08.2015 - Unemployment in Australia unexpectedly rose to 6.3%

Today was published important statistics on the labor market in Australia, which has led to a drop of the Australian dollar and disappointed traders. Thus, the unemployment rate rose to 6.3% in July that is 0.2% worse than analysts' expectations and the previous figure. At the same time, the level of employment increased by 38,5, which is 28.3 thousand better than the expectations of experts. Tomorrow will be released the report of the Reserve Bank of Australia on monetary policy, which may lead to a strong price movement. We expect the price decline of the Australian currency against the background of expectations of monetary policy easing and low export prices.

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