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The Australian dollar rose as Australia's unemployment rate fell from 6 to 5.8 per cent in February because a large number of people gave up looking for work. The Bureau of Statistics estimated that only 300 jobs were added in February, but unemployment still fell because the participation rate dropped. Seasonally adjusted figures point to a 0.2-percentage-point fall in the proportion of the adult population in work or actively looking for it.
The New Zealand Dollar gained as New Zealand's gross domestic product gained 0.9 percent on quarter in the fourth quarter of 2015, Statistics New Zealand said on Thursday. That beat forecasts for an increase of 0.7 percent following the 0.9 percent increase in the third quarter. Individually, business services were up 1.5 percent due to growth in advertising, market research, and management services. Construction was up 2.5 percent.
EUR/USD: during the Asian session the pair rose to $1.1230
GBP/USD: during the Asian session the pair rose to $1.4290
USD/JPY: during the Asian session the pair fell to a Y112.00
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