The Australian dollar dropped after poor jobs data showed the nation’s unemployment rate rose to a 10-month high of 5.3 per cent and full-time employment slumped in August.
The forecast was for total employment to have risen by about 10,000 in the month with unemployment steady a 5.1 per cent, according to a survey of economists by Bloomberg.
The Australian dollar dropped to 105.90 US cents immediately after the figures were released at 1130 AEST, down from 106.39 cents moments before.
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