Traders and corporates have been adjusting their positions ahead of tonights payroll number with the AUD and the GBP the main losers so far. This is no surprise as both of these have gained significantly in recent weeks. Dealers now report fresh offers at .8420 in the AUD/USD but the buying interest around .8370 is also thought to be solid. Most of the long stops are now placed below .8340 and I suspect that the cable stops are below 1.6740. I haven’t heard much on the EUR/USD so far today though dealers suspect that a break now below 1.4300/05 will lead to more widespread long liquidation.