Australian Dollar Loses Some Steam Ahead of Employment Report.The Australian dollar Noun 1. Australian dollar - the basic unit of money in Australia and Nauru dollar - the basic monetary unit in many countries; equal to 100 cents suffered at the hand of risk aversion risk aversion The tendency of investors to avoid risky investments. Thus, if two investments offer the same expected yield but have different risk characteristics, investors will choose the one with the lowest variability in returns. , though the currency's declines were very mild. In light of the Reserve Bank of Australia's unexpected rate hike earlier this week, there's significant optimism building on the health of the Australian economy. However, upcoming employment data may either confirm or negate ne·gate tr.v. ne·gat·ed, ne·gat·ing, ne·gates 1. To make ineffective or invalid; nullify. 2. To rule out; deny. See Synonyms at deny. 3. that sentiment, as this is one of the timeliest reports for the nation. The Australian employment change, which is scheduled to be released at 20:30 ET tonight, is projected to have fallen by 10,000 in September, which would mark the second straight contraction. Likewise, the unemployment rate is anticipated to hit a 6.0 percent, the highest since July 2003, from 5.8 percent. This particular release is similar to that of the US non-farm payrolls Non-Farm Payroll A statistic researched, recorded and reported by the U.S. Bureau of Labor Statistics intended to represent the total number of paid U.S. workers of any business, excluding the following employees: - general government employees results, as the numbers are notoriously difficult to predict and thus, tend to spark a lot of volatility in the markets. Thus, traders should look out for a surprising positive result to offer a solid boost to the Australian dollar, while a disappointingly steep decline should weigh on weigh on Verb to be oppressive or burdensome to: the expectations that weigh so heavily on diplomats' wives Verb 1. the currency. 2009 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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