The January labour market report data is here from earlier:

It was a huge beat, and the AUD jumped:

NAB comments now:

  • solid report
  • does not negate concerns over the Australian consumer, but suggests more data will be needed
    expectations of RBA rate cut are being pushed outfurther
  • buoyant AUD survives another day
  • 0.72 ... many short traders looking at level as big resistance

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(Note … AUD/USD had traded to just above 0.7205 but back under the figure as I update.)