AUD/USD flows: Employment beats

Another solid employment report from Australia in May. Unemployment rate dropped to 4% from 4.1% and headline employment change beats with strong gains in full time employment. Participation rate is also 0.1% higher than April. This continue to point out that while the peak has passed, the overall health of the labor market in Australia remain healthy, which maybe a problem for the RBA if they prefer early easing, though it is unlikely.

AUD/USD is trading 0.16% lower at 0.6652 as risk sentiment is choppy.