AUD unperturbed by poor jobs data -After......>

FOREX: AUD unperturbed by poor jobs data

-After dipping to fresh multi-month lows on the back of poor employment numbers

for April, AUD's staged a decent turnaround on the back of a pullback in the USD

and a re-assessment that the data will likely do little to knock the RBA's rate

path projections further. AUD/USD looks to recover the Wednesday NY high at

$0.6937 to build further from here.

-GBP is the softest in G10 once more, with reports ratcheting further pressure

on PM May as she heads in to meet the Conservative Party's 1922 committee where

she will likely come under further pressure to formally announce a resignation

date. GBP/USD edged to fresh cycle lows, hitting the lowest levels since

February. May meets with the committee at 1130BST.

-Risk sentiment remains fragile but ranges are muted Thursday, European equity

markets sit in minor negative territory with US futures unchanged.

-Weekly US jobless claims and housing starts/building permits data takes focus

from here, with speeches due from ECB's Nowotny, de Guindos & Coeure as well as

Fed's Quarles, Kashkari and Brainard.