AUD had a mixed session, with a weaker USD dominating direction. The aussie got an early kick from the RBNZ’s slightly more hawkish tone in late US hours, but traded generally sideways to slightly bid into today’s November Employment report. It was a mixed report, with headline employment well above expectations at +42.7k, the best reading since March 2012 but last month was revised down 10k, and the mix showed a 40.8k rise in part time and just a 1.8k rise in full time. The unemployment rate rose to 6.3%, a 12 year high. The aussie traded to the session high of $0.8376 before retreating, and has struggled to regain a bid since with the USD/JPY going from a low of Y117.44 to a high of Y118.33 and remains slightly up on the day. Buyers seen at
$0.8290/$0.8300, then $0.8255/65. Sellers seen around the day’s high, then $0.8400 to $0.8425. Aussie last at $0.8334, up 15bps on the session.
