Aussie falls on disappointing unemployment data

Australian dollar fell against most of the majors during today's trading after mixed economic data, especially the unemployment rate, which rose more than expected.

The Australian economy added 42.3K jobs in May, while analysts expected only 16,000 jobs in the same period.

However, the unemployment rate rose to 5.2% last month, compared to expectations of a unchanged rate at 5.1%.

This comes amid continued trade disputes and mutual threats between the United States and China, as there are no signs of a solution to the ongoing crisis.

US President Donald Trump has threatened to impose more tariffs on Chinese exports to the United States if President Xi Jinping doesn't attend the G20 summit in Osaka, Japan, later this month.

In terms of trading, at 16:24 GMT, AUD/USD fell by 0.3% to 0.691, the highest at 0.6938 and the lowest at 0.6901.