Australia Part-Time Employment increased to 35.2K in May from previous -7.9K
Australia Part-Time Employment increased to 35.2K in May from previous -7.9K
USD/CAD halts its winning streak that began on June 10, trading around 1.4230 during the Asian hours on Thursday. The currency pair depreciate as the US Dollar (USD) declines despite rising market expectations of Federal Reserve (Fed) interest rate hikes later this year.
Australia Full-Time Employment rose from previous -10.7K to 5.2K in May
Australia Participation Rate came in at 66.7%, below expectations (66.8%) in May
Australia’s Unemployment Rate fell to 4.4% in May from 4.5% in April, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in line with the market consensus.
Australia Employment Change s.a. registered at 40.3K above expectations (25K) in May
Australia Unemployment Rate s.a. in line with forecasts (4.4%) in May
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8209 compared to the previous day's fix of 6.8195 and 6.8048 Reuters estimate.
Bank of Japan (BoJ) board member Naoki Tamura said on Thursday that Japan's neutral rate is about 2% and it is important to push the policy rate closer to the neutral level to avoid being forced into sharp rate hikes later.
West Texas Intermediate (WTI) oil price gains ground to trade around $69.90 per barrel during Asian hours on Thursday, snapping a three-day losing streak.
The NZD/USD pair attracts sellers for the seventh straight day and drifts back closer to its lowest level since November 25, set the previous day. Spot prices currently trade around the 0.5640-0.5635 region and seem vulnerable amid a bullish US Dollar (USD).
The USD/JPY pair trades on a flat note near a multi-decade high of around 161.75 during the early Asian trading hours on Thursday. The potential upside for the pair might be limited amid heavy speculation of imminent currency intervention from Japanese authorities.