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USD Sentiment Stabilizes, A$ Weighed By Jobs Data

FOREX

USD sentiment has stabilized somewhat in recent dealings. The BBDXY sits back around 1243, slightly above its simple 100-day MA (~1242.3). Earlier lows were around 1241.30.

  • AUD/USD weakness has been a feature post the rise in the unemployment by more than expected (4.1%, versus 3.9% forecast). Still, we were moving off earlier highs prior to the print. The pair was last near 0.6680/85, close to session lows and off 0.15% versus end NY levels on Wednesday.
  • NZD/USD is back to flat, sitting around 0.6120 (earlier highs were at 0.6141). The AUD/NZD cross is down to 1.0920, fresh lows back to late April.
  • USD/JPY is sitting back near 154.10 and still +0.50% firmer in yen terms. Earlier lows in the pair came in at 153.60.
  • In the cross asset space, US Tsy 10yr futures are just off session highs. Yields remain around 1-2bps weaker. Equity sentiment is mostly positive throughout the region, while US equity futures sit a touch higher.

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