The Australian dollar found support after the release of Australian employment figures on Thursday. Australian Employment Change rose by 64.1K in September, bringing total employment to a record 14.52 million. Traders are anticipating US Retail Sales data, with expectations for a 0.3% MoM increase in September, up from 0.1% previously.
The Australian Dollar (AUD) snapped a three-day losing streak against the US Dollar (USD) after a strong Australian jobs report was released on Thursday. Australia's seasonally adjusted Employment Change jumped by 64.1K in September, bringing total employment to a record 14.52 million. This reading far exceeded market expectations for a 25.0K increase, following a revised 42.6K increase in the previous month.
Meanwhile, Australia's seasonally adjusted unemployment rate held steady at 4.1% in September, in line with the revised August figure and lower than the 4.2% anticipated. The number of unemployed fell by 9.2k to 615,700. Source: FXStreet