Forex - AUD/USD, AUD/JPY Flows: AUD up on employment rise, down on jobless rate rise

Published at 01:56 (GMT) 09 Jul

AUD/USD, AUD/JPY Flows: AUD up on employment rise, down on jobless rate rise (GEPC7301)

Australia June emplopyment +15,900, vs 12,000 expected. Full time employment -3,800.

Australia unemployment rate up at 6.0%, vs 5.9% expected.

On FX, AUD/USD spiked to 0.9459 highs form 0.9430-35 on the rise in employment. Before coming off to 0.9419-20 on the rise in unemployment rate to 6.0% and also the fall in full time jobs. As all jobs growth in part time. AUD/USD offers now at 0.9450-60, with focus likely on the unemployment rate portion. Markets to sell AUD again.

AUD/JPY up at 95.80-85 from 95.70-75, then down at 95.52-55 on the unemployment rate rise. Eye break of 95.20/95.00 again. AUD/NZD down at 1.0660-70 now, with focus on downside risks as Kiwi hit near post float high of 0.8840-42 - at 0.8839 highs. WL

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