Tag: aud

December 14, 2023 BY Elizabeth Anderson

Aussie gains on strong jobs report after Fed’s dovish message

The increase in the participation rate resulted in the jobless rate ticking up from 3.8%, as the estimated 61,500 new jobs created in November were insufficient to maintain the previous unemployment rate. Although the jobless rate rose to 3.9% in November, the highest since April 2022, investors will likely prefer to focus on the surge…

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