Australian Dollar Rallies After Employment Data, Trims Gains

The Australian dollar gained today following the release of a very positive employment report, though the currency has trimmed its gains as of now.
Australian employers added 26,200 jobs in July, more than two times the median analysts’ forecast (10,200). Furthermore, the June’s increase was revised from 7,900 to 10,800. And on top of that, the unemployment rate ticked down unexpectedly from 5.8% to 5.7%.
AUD/USD was up from 0.7653 to 0.7682 as of 15:52 GMT today, touching the high of 0.7118. AUD/JPY rose from 76.73 to 76.93.

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