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Good labour market figures pushed Aussie higher

Latest ABS report showed that  Australian employment increased by 42,700 to 11,637,400 in November. Analysts were forecasting a smaller incline by 15,200.  Full-time employment increased 1,800 to 8,059,400 and part-time employment increased 40,800 to 3,578,000. Unemployment increased 4,700 to 777,700. 

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AUD/USD Daily Forecast - 11 December

From Australia, yesterday, Home Loans and Westpac Consumer Sentiment figures were released. While analysts were predicting 0.2% increase, latest release on Home Loans showed 0.3% raise in October on a seasonally adjusted basis.  The total value of dwelling finance commitments excluding alterations and additions rose 1.0%.

 

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