Australian Dollar loses ground despite positive employment data

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Australian Dollar loses ground despite positive employment data
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The Australian Dollar (AUD) inched higher following the employment data release on Thursday.

The Australia n Dollar depreciatesdespitethe higher-than-expected Employment Change. Australia ’s Unemployment Rate dropped to 4.0%, from April’s 4.1% rate as expected. The US Dollar recovers losses as FOMC leaves its benchmark lending rate in a range of 5.25%–5.50% for the seventh time in a row. The Australia n Dollar edges lower despite the employment data release on Thursday. Australia ’s Employment Change showed that the number of employed people increased by 39.

The Australian Dollar was the strongest against the New Zealand Dollar. USD EUR GBP CAD AUD JPY NZD CHF USD 0.05% 0.05% 0.09% 0.10% 0.01% 0.16% 0.05% EUR -0.05% -0.01% 0.05% 0.06% -0.04% 0.11% 0.01% GBP -0.06% 0.00% 0.04% 0.06% -0.06% 0.11% -0.02% CAD -0.09% -0.04% -0.04% 0.02% -0.10% 0.07% -0.06% AUD -0.10% -0.06% -0.04% -0.02% -0.12% 0.05% -0.08% JPY 0.00% 0.03% 0.06% 0.10% 0.07% 0.15% 0.05% NZD -0.15% -0.11% -0.11% -0.06% -0.06% -0.18% -0.13% CHF -0.05% 0.02% 0.02% 0.06% 0.06% -0.04% 0.

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