Australian dollar drowns amid unemployment data

FIBO_Group

Master Trader
Jun 20, 2016
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www.fibogroup.com
Forest fires and coronavirus have had a major impact on the Australian economy, and this is reflected in the data released today on unemployment and the number of employees for January.

Based on these data, we can say that the economy has serious structural problems (in particular, low wage growth).

Economists predict a further increase in unemployment and a subsequent reduction in interest rates in the coming months.
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#AUDUSD on the published data broke through the minimum price of the DECADE and continues to fall. We believe that the downtrend will continue throughout the current month.

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