Day: May 18, 2017

Australian Dollar Shows Muted Reaction to Good Employment Data

Australian employment data released during the current trading session looked decent, with a surprising surge of employment and an unexpected drop of the unemployment rate. Yet the Australian dollar showed muted reaction to the news, quickly giving up most of its gains it has logged after the report. Australian employment surged by 37,400 in April from March, far exceeding forecasts that were promising a modest rise by 4,500. The gain followed the previous […]