# Australia RBA Foreign Exchange Transaction: 503M (November) vs 439M — Octa

> Australia's November employment rose by 39,100 jobs, well above the expected 20,000, with full-time jobs contributing. The Australian dollar traded around 0.7397 against the US dollar after the release.

- Date: 2016-12-15 · published 2016-12-15T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/73719-australia-rba-foreign-exchange-transaction-503m-november-vs-439m-octa
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stronger Australian labour data supports the Australian dollar and limits its decline after the Fed decision. For feed buyers, this has little direct effect on grain or oilseed prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/393225/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.