AUD/USD little changed after the employment report miss, inching higher

[forex4you]

AUD/USD little changed after the employment report miss, inching higher

<p>The data is here, the jobs added came in under expectations while the jobless rate higher than expected:</p><ul><li><a href="https://www.forexlive.com/news/australian-jobs-added-335k-expected-35k-unemployment-rate-35-expected-34-20220915/" target="_blank" data-article-link="true">Australian Jobs added +33.5K (expected +35K) & Unemployment rate 3.5% (expected 3.4%)</a></li></ul><p>See the post for a little more nuance, but the twin headlines are a touch on the soft side. The Reserve Bank of Australia has been hiking rates with the intention of bringing <a href="https://www.forexlive.com/terms/i/inflation/" target="_blank" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa_1" class="terms__main-term">inflation</a> back into the target band. The Reserve Bank of Australia know they cannot do a  lot about the supply side tightness but they can work to hit demand. If you view the jobs report misses as a result of tighter monetary policy then the RBA plan is on track. </p><p>(Comments welcome). </p><p>AUD/USD is little changed since the data, inching towards... whoops now above, its overnight high. </p>

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

Source: AUD/USD little changed after the employment report miss, inching higher

forexlive.com