The pair started this morning near $0.9445 and spent a quiet first few hours of the session between $0.9440 and $0.9460. It slipped a bit after Japanese markets opened but then held its position around $0.9450 before the release of the September labor force survey. The data showed number of employed persons in Australia rose by a smaller-than-expected 9,100 in September. But the jobless rate fell to 5.6% as the number of unemployed declined the most since November 2012 and dragged down the participation rate to 64.9% from 65.0%, a level last seen in November 2006. Aussie-dollar briefly dropped to around $0.9426 on the release then quickly jumped back up to $0.9472 high seconds after as the market digested details of the release. The rebound turned out to be shortlived as aussie-dollar encountered stiff selling interest from around $0.9480 amid a general revival in the outlook for the US dollar. It was all downhill for aussie after that, with the pair falling to $09416 first and then hitting stop-losses further down, to eventually trade a $0.9392 low. Aussie-dollar was last at $0.9407.
