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.)