Australian June Unemployment rate steady at 4.4%
But headline employment change is a huge beat
The Australian June Unemployment rate is steady at 4.4% but headline employment change is a huge beat at 76.3k with higher participation rate of 67%. Stronger part time growth than full time growth may take away some shine yet overall it is a very strong labor report.
Aussie buyers are likely increasing their hawkish anticipation from the RBA and have sent the AUD/USD 0.27% higher at 0.7016.