Kamis, 19 Oktober 2023

PT Solid Gold Berjangka | Aussie Declines on Weaker-Than-Expected Jobs Growth

 

The Australian dollar fell as cooling employment gains prompted traders to roll back some policy tightening bets. A gauge of the dollar’s strength edged higher after posting its best gain in a week.

The Aussie extended an intraday loss to as much as 0.6% on leveraged selling as data showed jobs growth was driven by part-time work as full-time positions saw worst contraction in two years, according to Asia-based currency traders.

The Bloomberg Dollar Spot Index took gains into a third day amid rising yields fueled by growing concern over the increasing supply of Treasuries.

Yield on 10-year US Treasury note rose 3 basis points to 4.95% and oil edged lower.

AUD/USD dropped 0.5% to 0.6305, broadly matching Wednesday’s fall.

The unemployment rate slid to 3.6%, helped in part by the participation rate slipping to 66.7% from 67%.

Australia’s three-year bond continued its slide with yield adding 5bps to 4.22%.

USD/JPY slipped 0.1% to 149.80, erasing Wednesday’s gain.

Source: Bloomberg, PT SGB, SOLID GROUP, SOLID GOLD BERJANGKA


Source: BloombergPT SGBSOLID GROUPSOLID GOLD BERJANGKA


Source: BloombergPT SGBSOLID GROUPSOLID GOLD BERJANGKA

Indeks DolarAussieAUD/USD,

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