Australian Dollar Drops with Decrease of Full-Time Employment

The Australian dollar declined today after the report showed that full-time employment of the Australians decreased in January, causing the speculation that Australia’s economy doesn’t grow fast enough to warrant an increase of the interest rates.

Australian Bureau of Statistics reported today that the full-time employment decreased 8,000 to 8,022,400 in January. The report wasn’t completely negative, though, as the increase of the part-time employment caused the overall employment to increase by 24,000.

AUD/USD declined today from 1.0123 to 1.0031 as of 13:50 GMT.

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