The Aussie dollar is already dropping,looks like the economic...

The Aussie dollar is already dropping,looks like the economic goal posts are moving.

AUD/USD Exchange Rate Forecast: Australian Dollar Plummets Today

Posted by Laura Parsons on August 7, 2014

The Australian Dollar to US Dollar (AUD/USD) exchange rate dropped by over 0.8% during the Australasian session as investors responded to Australia’s concerning employment data.
The ‘Aussie’ also fell by 0.7% against the Pound and Euro, holding declines into European trading on Thursday.
It had been forecast that Australia’s economy added 13.2K positions in July, but it actually shed -0.3K roles following a negatively revised employment increase of 14.9K in June.
The participation rate rose from 64.7% to 64.8% and the unemployment rate surged from 6.0% to 6.4% – the highest level of joblessness recorded in the nation for nearly 12 years.
   
  And we have this

Southeast Asian foreign ministers are holding a conference in Myanmar this weekend which U.S. Secretary of State John Kerry and Chinese Foreign Minister Wang Yi will join.
Kerry will press for a voluntary freeze on actions in the sea aggravating disputes, a U.S. official said this week, but China has already rejected the proposal. A senior Chinese official said on Monday China could build whatever it wanted to on its islands.
The South China Sea is believed to contain oil and gas deposits and has bountiful fisheries. As well as China, Brunei, Malaysia, the Philippines, Vietnam and Taiwan lay claim to parts of the sea, through which passes about $5 trillion of trade a year.
Explaining the need for the lighthouses, the China News Service cited the navigation official as saying a lack of navigational aids and charts directly affected the safety and regulation of ships.
In 2010, China completed construction of 13 stone tablets and lighthouses on islets in the East China Sea to mark its territorial waters in the oil-rich area, according to state media.