Doing a job on the Aussie dollar

The monthly Australian labour force report has a bigger impact on the currency than any of the much vaunted Chinese data releases.

While Chinese data grabs the limelight in Asia, it is the labour market that holds the key for the Australian dollar. Last week’s employment report saw the market increase the odds of another interest rate cut from the RBA, which in turn did a good job of pushing the Aussie dollar lower. The economy lost 31,600 full-time jobs in December, making 2013 the worst year for full-time losses since the recession in the early ‘90s. This sent the Aussie below 88 cents against the greenback for the first time in over three years.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles