Australia’s Employment Change is the standout release on the Asian session calendar, dropping at 01:30 UTC on 23 July. As a high-impact labour-market print, it tends to anchor early AUD trading.
What the Employment Change release measures
Employment Change tracks the net change in the number of employed people over the prior month. Markets watch it closely because labour-market strength feeds directly into the Reserve Bank of Australia’s policy considerations around growth and inflation.
The consensus forecast points to a 16.4K gain, down from the previous reading of 40.3K. Analysts also parse the full-time versus part-time split and the accompanying unemployment rate, which can shape how the headline number is interpreted.
How the AUD pairs are trading
Across our feed, the Australian dollar shows a mixed picture ahead of the release. GBPAUD is the biggest mover, down 0.51% at 1.90879, with the Aussie firmer against the pound.
AUDJPY sits at 114.18, up 0.39%, the strongest of the AUD gainers. AUDNZD trades at 1.19886, up 0.23%, while AUDCAD is at 0.98708 (+0.22%) and AUDCHF at 0.56783 (+0.17%).
On the other side, EURAUD is lower by 0.23% at 1.62693, reflecting a modestly firmer Aussie against the euro. These levels are factual context from our feed, not a forecast.
The employment figure is watched as a gauge of Australian labour-market momentum and its read-through for RBA policy expectations.
Descriptive market news from the ForexBullion Research Team. Not investment advice.
