Don’t waste your time – keep track of how NFP affects the US dollar!

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AUD in focus of traders

AUD in focus of traders

Information is not investment advice

The Australian unemployment rate will be released on August 13 at 4:30 MT time!

Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, EUR/AUD

Last time Australian unemployment rate jumped to the highest level since November 1998. Obviously, it was the devastating effect of the coronavirus pandemic: most companies were forced to shut down.  As a result, many workers were fired. The total number even surpassed the all-time high of 992 300. Nevertheless, things are not so terrible as it may seem: employment rose by 210 800 in June, beating analysts’ estimates of a 112 000 increase. Now, Australia is suffering from the fresh coronavirus resurgence. New virus cases are inevitably rising in its state Victoria. Therefore, this time unemployment rate may surprise everyone.

  • If the unemployment rate is better than the forecast, the AUD will rise.
  • Otherwise, the AUD will fall.

Check the economic calendar

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The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

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