AUSSIE LABOUR REPORT WEIGHS ON AUD TO FRESH SESSISON LOWS

The Aussie labour report, released by the Australian Bureau of Statistics, has been released as follows:

Australia December Employment -14.6k s/adj (Reuters poll: 22.5k).

Unemployment rate 3.5 pct, s/adj (Reuters poll: 3.4).

Full-time employment 17.6k s/adj.

Participation rate 66.6 pct, s/adj (Reuters poll: 66.8 pct).

More to come...

AUD/USD update

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About the Aussie labour report

The key component of the data for markets, the Employment Change, released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).