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Australian Job Advertisements Slump in July

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The Australia and New Zealand Banking Group (ANZ) posted its latest findings on the percent change in job advertisements as posted in major newspapers and websites covering the major cities of Australia. The results show an ominous decline of 0.7% in new job postings for July, in a month-on-month format.

Being released ahead of the Australian jobs report tends to give this figure more of an impact and traders have seen the AUD in decline all morning partially due to this figure. Though it cannot be held entirely accountable for the Australian dollar's recent decline, it does explain part of why this major Pacific currency was hit hard this morning when many were expecting an uptick from the flight away from the US dollar ( USD ).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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