(RTTNews) - In early European deals on Thursday, the Australian dollar recovered slightly from its Asian session lows against other major currencies.
The Aussie plunged in the Asian session after a government report showed that the nation's employment unexpectedly declined in August.
The number of employees fell by 9,700 to 11.433 million on a seasonally adjusted basis against expectations for an increase of 10,000. Employment was 1.2 percent higher than last year.
Meanwhile, unemployment rate rose to 5.3 percent in August from 5.1 percent in July. Economists had forecast the rate to remain steady. The number of unemployed persons increased by 18,400 from the previous month
The Aussie is currently worth 1.3247 against the euro, 1.0630 against the US dollar, 1.0460 against the Canadian dollar and 82.20 against the yen.
