AUD/USD flows: Another Strong Employment Report

The July Australian labor data has come in stronger than expected. Headline employment change continue to be grow at +58.2k with full time employment grew +60.5k. While unemployment rate y/y edged up to 4.2% from 4.1%, it came along the higher participation rate y/y of 67.1% from 66.9%. With such hot labor report, RBA may reassess its current forecast of wage growth and reinforces their push back of easing.

AUD/USD is trading 0.47% higher at 0.6626 after touching a session low of 0.6564.