Australian jobs comes at -5.5k; unemployment rate up to 5.4% (Barcelona) - The Australia December employment figures came out worse than expected, with 5,500 job losses vs expectations for marginal gains, after the 13,900 new jobs created in November. Participation was steady at 65.1%, with the jobless rate rising to 5.4% in Dec. vs 5.2% in Nov.

Mr. Callow, FX strategist at Westpac, was accurate on his early prediction, after noting that risks of a disappointing were decent, "judging by business surveys, unemployment expectations and the very weak trend in job advertising" he said.

Below is the Aus jobs creation trend in the past few years: