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




Forex news on the last day of summer

The US dollar has started the week on the positive footing, while riskier assets are dipping down. Let’s discuss last market movements in more details.


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