December jobs from Australia hitting the.....>

AUSSIE: December jobs from Australia hitting the wires, headline jobs gain of

34.7k is stronger than the expected 15k gain, November print revised up 2k to

63.6k. The Labour Force Participation Rate also rose, hitting 65.7%, the highest

since January 2011, the addition of workers to the labour market pushes up the

Unemployment rate to 5.5% from 5.4%.

- AUD initially bid on the print, but quickly gives back gains and drops into

negative territory AUD/USD last down 20 pips at 0.7949. Hearing selling from

macro accounts ahead of the 0.80 figure with longs liquidated after analysis of

the data. 

- Aussie bonds hit session lows in a kneejerk reaction and then move back above

pre-announced levels.

- The weakspot in the data is the lower levels of Full Time Employment Change,

at 15.1k in December this is much weaker than the 43.6k gain in November. Part

Time Employment Change saw a 19.5k rise in December from 20k in November.