Australian unemployment

Several Central Bank Rate Cuts and Data Surprises Lift Dollar

June 11, 2015

The U.S. dollar leaped 2.8% against its New Zealand counterpart and also rose overnight by 0.9% against the yen, 0.6% relative to the euro, 0.4% versus the loonie, Aussie dollar and sterling, and 0.3% vis-a-vis the Swiss franc.  Chinese officials held the yuan steady. The Reserve Bank of New Zealand’s Official Cash Rate was sliced […] More

Bad Aussie Jobs Data and a Focus on Central Bank Meetings

August 7, 2014

The Australian dollar fell 0.9% overnight and to a 2-month low of USD 0.9259 after unexpected news that Australia’s jobless rate jumped 0.4 percentage points in July to a 12-year high of 6.4%.  Employment had been forecast to rise over 10K but instead slipped by 0.3K due to a 14.8K slide in part-time workers.  The […] More

More Successful Sovereign Debt Auctions in Euro Area

January 19, 2012

Spain was able to auction EUR 6.6 billion of sovereign debt, about 50% more than planned, while a French auction fetched a lower yield. The dollar fell 0.4% against the Swiss franc and euro.  The euro got as high as $1.2919 versus a 17-month low of $1.2624 last Friday.  The franc is closer to testing […] More