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Fading The Rally


AUD crosses back off highs amid possible profit taking and waning enthusiasm about the strong jobs data, with softening e-minis and aforementioned press reports re: Sino-Australian tensions coming back to the fore.

  • AUD/USD last seen -20 pips at $0.7285, the pair has given away almost all of the data-inspired gains.
  • AUD/NZD sits +24 pips at NZ$1.0874, as the kiwi struggles alongside its Antipodean cousin.
  • AUD/JPY trades -14 pips at Y76.54, near its pre-release levels.

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