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A$ Ignore Jobs Beat

AUD

AUD/USD hasn't reacted a great deal to the better than expected jobs data. We currently sit just under 0.6865, down a touch from NY closing levels. The jobs data showed better headline growth at +64k, versus +19k expected, while last month was also revised higher to +43k (from +32.2k). The unemployment was steady at 3.4% though, as the participation rate crept higher.

  • The FX majors are also mostly rangebound this morning, albeit with a slightly positive USD bias. This is probably spilling over into the AUD to some degree.
  • Recent highs in AUD/USD come in between 0.6880 and 0.6900, while dips into the 0.6810/20 region have been supported on the downside over the past few sessions.
  • Due a little later is China monthly activity data for November, which is the next risk event for the currency.
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