The Aussie has slipped after the release of...>

FOREX: The Aussie has slipped after the release of the local labour market

report, which revealed a larger than expected uptick in the unemployment rate.

The number of jobs added topped estimates and was driven by a favourable

rotation out of part-time & into full-time employment, but participation rate

also crept higher. AUD/USD extended losses upon the breach of its 11-year low,

with the kiwi losing ground in tandem over the last minutes.

- Some of the recent pressure on the Antipodeans may have emerged in response to

the in-line amount of easing delivered in the PBoC's LPR fixing. USD/CNH edged

into positive territory after the announcement before pulling back.

- Coronavirus updates remain closely watched w/ China revising its case counting

method again. KRW declined as S. Korea reported a surge in Covid-19 cases.

- Safe haven currencies have firmed up a tad. USD/JPY has modestly corrected

yesterday's surge, but has held above the Y111.00 mark so far.

- UK retail sales, EZ cons. conf. & U.S. Philly Fed Survey take focus today.

ECB's de Guindos and Fed's Barkin will speak, while the ECB will publish the

minutes from their most recent monetary policy meeting.