Aussie higher on Australian job data
Morning part of today's session was marked by Australian job figures. Employment increased 7,300 to 11,768,600, thus beating expectations on decline by 2,100. Full-time employment increased 24,500 to 8,156,200 and part-time employment decreased 17,200 to 3,612,400. Unemployment increased 12,800 to 756,100.
The number of unemployed persons looking for full-time work increased 27,200 to 541,200 and the number of unemployed persons only looking for part-time work decreased 14,500 to 214,900. Unemployment rate increased 0.1 pts to 6.0% from a revised May 2015 estimate. Analysts were predicting increase to 6.1%. Aggregate monthly hours worked increased 5.1 million hours (0.3%) to 1,636.9 million hours.
After the data Aussie was pushed higher and is currently being traded few points above 0.7470 level. Pair is likely to find support around 0.7420 and resistance above 0.7520 area. Later today, in the US session, Unemployment Claims figures are scheduled for a release.
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