The Australian currency (Aussie) witnessed a decline against its all major counterparts, while it dropped sharply versus the US counterpart after the nation reported that the unemployment rate index unexpectedly dropped in August, where the economy cut jobs by 9700 worker for a second straight month.

Expectations indicate that the Reserve Bank of Australia will cut the interest rate in the upcoming period to rebound the economic recovery, pushed the investors to decline their demand for the Australian dollar.