AUDUSD Above Bull Trigger & 67c Following Strong Jobs Data

AUDUSD has held onto most of its post-employment gains. New jobs in November were significantly higher than expected and the pair rose to a high of 0.6708 in response. It is currently up 0.6% to 0.6701, above the bull trigger at 0.6691. After falling 0.8% yesterday, the USD index is down another 0.2% during APAC trading.

• Aussie has made some sizeable gains against kiwi over the last day. It took a step up on Wednesday following partial monthly data pointing to further moderation in Q4 NZ CPI and then rose further after the weaker-than-expected NZ Q3 GDP which fell 0.3% q/q. AUDNZD has approached 1.08 today and is now up 0.9% on Tuesday’s close at 1.0787.
• AUDJPY is off its intraday low of 94.61 to be up 0.3% to 95.42. AUDEUR is 0.5% higher at 0.6153 and AUDGBP +0.5% to 0.5303.
• Equity markets are generally higher following the more dovish Fed with the ASX up 1.6% and the Hang Seng +1.6% but the Nikkei is down 0.4%. The S&P e-mini is up 0.4%. Oil prices continue to recover with WTI up 0.7% to around $69.92/bbl. Copper is 1.2% higher and iron ore is $134-135 after rising to $136 earlier.
• Later the BoE and ECB meet and both are expected to leave rates unchanged. Also US November retail sales will be watched closely. There are US jobless claims and trade prices.