The Australian dollar held steady after the surprise results provided by the employment report. The data surprised analysts, circumventing their forecasts completely.
Australian employment shed 3,900 jobs in August even though experts had predicted a big increase by 15,200. At the same time, the unemployment rate ticked down to 5.6% whereas specialists had anticipated it to remain stable at 5.7%. Overall, the data did nothing to change the fact that the Aussie was among the weakest currencies on the market.
AUD/USD traded near its opening level of 0.7465 as of 8:35 GMT today. AUD/JPY was also at about its opening of 76.47.
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