The Aussie finished Thursday as the worst....>

AUSSIE: The Aussie finished Thursday as the worst G10 performer, with AUD/USD

slipping 36 pips. The main focus was on the latest Australian labour mkt report,

released in Asia-Pac hours. Although the unemployment rate increased to 5.2%

from the revised 5.1%, the change was underpinned by solid employment and

participation figures, while underemployment rose. AUD/USD staged a recovery

attempt in the London morning, amidst firmer risk appetite, but the earlier

intraday high of $0.6933 proved resilient & the rate eased through the rest of

the day as USD grew in strength. The move was accelerated by Terry McCrann's

suggestion that the RBA will cut the cash rate at its next meeting.

- AUD/USD last seen at $0.6892, virtually unch. This week has seen AUD/USD

continue to touch lower lows. A fall through Thursday's low of $0.6887 would

expose $0.6872, which represents the 76.4% fibo retracement of the YtD range.

Bulls look for a break of yesterday's peak.

- Australian focus turns to Saturday's federal election. The ruling coalition

has narrowed the polling gap in the recent months, but still narrowly trails the

opposition Labour Party.