The Australian dollar weakened against the US dollar today on government reports showing dismal employment figures. According to the report, the jobs added by Australian employers was much below the prediction by analysts. The total employed workforce in the nation increased by 7,800 between April and May, in comparison to the forecasts of a 25,600 increase. The figures are still better in comparison to April’s employment decline of 29,400. The report has sparked speculations that the Australian central bank may refrain from increasing the rates in the next meeting. AUD/USD fell to 1.0584 at about 9:46 GMT today after opening at 1.0622 and rising to a daily high of 1.0662.

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