Free Trial

The release of mixed Australian jobs data....>

AUSSIE
AUSSIE: The release of mixed Australian jobs data pressured to $0.7906
overnight, before the generally weaker USD allowed recoveries to the $0.7940/45
area. A stronger-than-expected headline number which showed a 16th consecutive
month of gains was offset by a split in the full time (lower) and part time
(higher) components. Next resistance is seen at $0.7961/82 (21-dma, Feb1 low now
resistance), opening a move toward the $0.80 handle ($0.7992 - 61.8%
$0.8136-0.7759). Looking further ahead, RBA Governor Lowe is due to give
testimony to the Parliamentary Committee tonight at 2230GMT. Aud/Usd last
$0.7950.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.