The Australian dollar rallied on the back of positive employment data in the first half of the current trading session but was unable to keep the upward momentum. The currency trimmed gains against the US dollar and lost them outright against other most-traded rivals.
Australian employers added 14,000 jobs in June. While it was a bit less than analysts had predicted (14,400), the miss was not big. Furthermore, the growth was driven by an increase in full-time employment as opposed to the decrease in part-time employment. The unemployment rate stayed at 5.6%.
AUD/USD ticked up from 0.7950 to 0.7962 as of 17:52 GMT today, while its daily high of 0.7988 was the highest since May 2015. AUD/JPY was up from 89.01 to 89.32 intraday but is trading near its opening level right now.
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