A$ Holds Above 67c Following Strong Employment Data

AUDUSD has held onto most of it gains post the strong March labour market report and remains above the 0.6700 level. It reached a high of 0.6721 following the 53k increase in new jobs and stable unemployment rate. Before the data, AUDUSD touched a low of 0.6685. It is currently trading around 0.6708. The USD is close to flat.

• The major Aussie crosses are also higher. AUDJPY is up 0.3% to 89.37. AUDNZD +0.2% to 1.0795 after reaching an intraday high of 1.0813, the highest since early March. AUDEUR is 0.3% higher at 0.6105 and AUDGBP +0.2% to 0.5372.
• See Labour Market Remains Tight, Keeping Rate Hikes On Agenda for details on the stronger-than-expected employment release.
• Equity markets in the APAC region are mixed with the Nikkei up 0.1% but the ASX down 0.3% and the Hang Seng -0.6%. The S&P e-mini is slightly higher. Brent is down 0.2% to $87.12/bbl after rising almost 2% on Wednesday. Iron ore prices are down to $115.85/t.
• Later there is US PPI data for March and UK February output data.