ICYMI the Australian dollar moved by jobs numbers and RBA speculation today in Asia
Firstly, the AUD was marked up on the blockbuster employment report:
- Australia Jan. jobs report: Employment +39.1K (exp 15K) Unemployment 5.0% (exp 5.0%)
- AUD marked higher immediately on the strong January employment report
- Responses to very strong Australian jobs report coming in
It popped above 0.7200 and then sat just under until Westpac smashed this out:
Westpac have had a very stable call for the Reserve Bank of Australia for years, ie on hold (WPAC spot on with the call for a long, long time), so this update is significant and the market took notice immediately, sending the AUD back down again to a fresh session low:
Also a negative for the AUD (and other 'risk') is this from China:
AUD has seen wide swings, this a one-minute candle chart to try to convey a picture of the session (so far):