AUD/USD lower after the jump in Australia’s unemployment ensures an RBA August rate cut

The jobs data is here, a weakening in labour market growth:

• Australia June Unemployment Rate 4.3% (expected 4.1%, prior 4.1%)

That unemployment rate is the highest in 3.5 years.

AUD/USD has been taken a little lower. The USD is a little better bid across the board, but AUD the underperformer now:

This article was written by Eamonn Sheridan at www.forexlive.com.