Aussie Dollar gains after Australian Employment increases by more than expected in December.

By CountingPips.com

The Australian dollar got a boost in forex trading after the Australian job report came in better than expected for the month of December. The Australian Labour force increased by a seasonally adjusted 35,200 workers from November to December according to the data release by the Australian Bureau of Statistics. December’s job increase brings the total of employed workers to 10,905,900 while unemployed workers decreased by 10,600 workers to a total of 639,400.

Market forecasts were expecting an increase of approximately 10,000 workers in December after a revised increase of 31,400 workers were added to the labour force in November. The Australian unemployment rate declined by 0.1 percent to 5.5 percent in December and the unemployment rate has now declined by 0.9 percent since December 2008.

The Australian dollar reacted positively to the employment report as traders have pushed the currency higher versus the US dollar, Japanese yen, New Zealand dollar, Canadian dollar, British pound and the euro.

AUD/USD 1H Chart -The Aussie dollar climbing higher versus the US dollar to the 0.9300 level in forex trading after the jobs release.