Australian employment data due at 00:30 GMT is expected to show the rate of unemployment rising from 4.5% to 4.7%. Whilst the Australian economy is not yet officially in recession, the economic growth rate has slowed significantly and this is expected to show up in the amount of people losing full time employment.
The AUD/USD is currently trading around .6545. Bids are expected at .6460/70 from corporate interests and offers from investment funds are said to be firm at .6660/70. It would require a jobs number much different from expectations to send the pairing through either edge of this range.
