Aussie drops on stubborn unemployment

Jobless rate unchanged Australia’s unemployment rate was unchanged a 5.2% in May, defying economists’ expectations of a dip to 5.1%. An increase in the participation rate to 66.0% from 65.8% could partly explain the unchanged…

Aussie dips as China imports contract

Biggest contraction since 2016 China’s imports in May declined 8.5% from a year earlier, the biggest shrinkage since July 2016, in further evidence that the US-China tariff conflict is taking a heavier toll on the…

Aussie bounces despite weak data

Capital expenditure drops The Australian dollar kept to its tight range this week with a mild rebound in subdued trading this morning. The upmove came despite a weak set of data which might encourage the…

Aussie bounces despite weak data

Capital expenditure drops The Australian dollar kept to its tight range this week with a mild rebound in subdued trading this morning. The upmove came despite a weak set of data which might encourage the…