Aussie labour market data provided the.......>

AUSSIE: Aussie labour market data provided the focal point of today's Asia-Pac

session in Australia. AUD/USD had already moved a touch lower ahead of the

release, on the back of modest risk-off flows, before dropping to a session low

as unemployment rate edged higher to 5.2%. However, the bulk of the initial

losses was quickly recovered, as investors turned focus to upticks in

participation and employment. For our DATA IMPACT piece see MNI Main Wire at

05:57 BST 05/16. 

- Labour market data remains one of the chief concerns of the RBA. Today's

release shifts focus to RBA May MonPol meeting minutes & comments from RBA Gov

Lowe, due next week.

- AUD/USD last sits at $0.6913, 15 pips lower on the day. A dip through $0.6900

and today's fresh cycle low of $0.6893 would open up the 76.4% fibo retracement

of the year's range, located at $0.6872. Meanwhile, bulls keep an eye on

$0.6954/60, which represents 100-HMA/Tuesday's high.

- Australian economic docket is empty during the remainder of this week, but

Saturday's federal election will provide some interest.