Published: 2024-04-18T04:04:47.000Z
AUD/USD flows: Supported by positive sentiment
FX Analyst
-
Australian March unemployment rate 3.8% vs. 3.9% expected
But headline misses, so as participation rate
The Australian March labors report is mixed with unemployment rate beats estimate at 3.8% but headline employment change is in negative and participation rate slipped. The positive side is full time employment increased and the Australia labor market is still tight. Risk sentiment is broadly positive and commodities solid.
This supported the AUD/USD and see it trading 0.28% higher at 0.6453.