The Australian dollar weakened against other major currencies in the Asian session on Thursday, following the release of Australia's disappointing domestic employment data in February.
Data from the Australian Bureau of Statistics showed that the Australian economy lost 52,800 jobs last month, well shy of expectations for an increase of 30,800 jobs following the addition of 44,000 in January.
The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in February, said on Thursday - in line with expectations and unchanged from the January reading.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.