Source: ForexYard
The value of the Australian dollar (AUD) made a jump in today’s early trading following reports from the Australian Bureau of Statistics that employment saw modest growth in September. The Employment Change figure was forecast to see an expansion of roughly 10,100 jobs; the results were more than double.
A surprise expansion of nearly 20,400 jobs in September has generated some reflections that the Aussie economy is actually regaining its foothold after a series of poor reports. The unemployment rate also decreased from 5.3% to 5.2% this month. The AUD is gaining value and could enter a longer-term uptrend if things remain bullish.
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