AUD/USD little changed after the employment report miss, inching higher

The data is here, the jobs added came in under expectations while the jobless rate higher than expected:

• Australian Jobs added +33.5K (expected +35K) & Unemployment rate 3.5% (expected 3.4%)

See the post for a little more nuance, but the twin headlines are a touch on the soft side. The Reserve Bank of Australia has been hiking rates with the intention of bringing inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term back into the target band. The Reserve Bank of Australia know they cannot do a lot about the supply side tightness but they can work to hit demand. If you view the jobs report misses as a result of tighter monetary policy then the RBA plan is on track.

(Comments welcome).

AUD/USD is little changed since the data, inching towards... whoops now above, its overnight high.