Labor Market

Australian labor market data outperform expectations, despite a decline in full-time jobs

17 Aug 2017 01:57 PM |

Labor market data continued to improve in July, with job numbers rising for the fifth consecutive month, yet most of these jobs were part-time, echoing earlier fears of a slump in the labor market. In July, the economy added 27.9 K jobs, compared to expectations of 19.8 K, while the June reading was revised higher to 20,000 jobs.

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  Markets pricing US interest rate hike by 40% following Fed meeting minutes

  17 Aug 2017 10:36 AM |

  The US dollar fell in yesterday's trading following the release of the minutes of the FOMC meeting in July, which showed the fear of policymakers of the recent weakness of inflation, and some asked to ease the process of raising interest rates until the picture is quite clear, so the dollar index hit its lowest level since the beginning of the week at 93.19 This morning, also the US dollar gave up most of its gains against the Japanese yen, dropping from its highest level since the beginning of this month to 109.65 levels before recovering slightly with morning trading.

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