Thursday, September 13 – Asia Session Recap
During the Asia-Pacific session, the main event was Australia’s employment report for August.
The report was overall positive. Employment Change exceeded all expectations at 44.0K versus consensus of 15.0K and maximum expectation of 25.0K.
The Unemployment Rate remained at 5.3% as expected while the Participation Rate also exceeded all expectations at 65.7%.
The overall positive report resulted in another boost higher for AUD. However, this was short lived with AUDUSD stalling at 0.7200.
Elsewhere, risk sentiment has continued to improve following reports that the US has invited China to trade talks. As such, Asia equities reside in positive territory with the Nikkei up 0.96% and the Hang Seng Index up 2.05%.
For additional research, we’ve posted news articles from around the web below.
- Australia’s employment surges as signal of faster wages emerges
- Australian Jobs Market Tightens as Wage Signal Flashes Brighter
- Australia added more than twice as many jobs than expected in August
- US offers China new trade talks as tariffs loom on $200 billion of goods
- Did Trump Just Blink? U.S. Wants Talks Before China Trade War Escalates