Australian Dollar Falls vs. US Dollar After Six Sessions of Gains

The Australian dollar went down today, falling for the first time in seven sessions against its US counterpart, after the release of macroeconomic data from Australia. While reports were mixed, markets apparently preferred to pay more attention to the bad part of the data.

Australian employment shrank by 9,800 in September, surprising analysts who were expecting a solid increase. At the same time, the unemployment rate ticked down from 5.7% to 5.6%, which was also unexpected. The NAB Quarterly Business Confidence increased from 3 in the second quarter of this year to 5 in the third quarter.

AUD/USD went down from 0.7720 to 0.7670 as of 11:29 GMT today. AUD/CHF declined from 0.7632 to 0.7578.

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