The Australian dollar has attempted to rally on the back of positive domestic employment data released today but failed as the market sentiment slipped back into the risk-off mode.
Australian employment fell by 1,000 in December compared to the predicted drop by 11,000. The unemployment rate stayed at 5.8 percent while experts had predicted an increase to 5.9 percent. The Aussie has rallied after the report but backed off by now as the traders’ mood worsened, spoiled in part by the news about explosions in Jakarta, Indonesian capital.
AUD/USD dropped from 0.6954 to 0.6919 and AUD/JPY fell from 81.82 to 81.45 as of 10:42 GMT today. Both currency pairs declined for three consecutive trading sessions.
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