Aussie benefited from US jobs data overnight as the US dollar suffered, trading a US session high of $0.9731, before pulling up short of a test of the 200-day moving average ($0.9749 today). Early aussie-dollar rallies were countered by aussie cross activity with euro-aussie and sterling-aussie buying noted along with aussie-kiwi sales. Soon afteraussie-dollar opened at $0.9708 this morning, it slipped below $0.9700 to a $0.9698 low as the post-NFP rally ran out of steam. The release of Q3 CPI data however revived aussie-dollar bulls and it quickly broke through the $0.9731 US high to $0.9745. Aussie-dollar ran into minor resistance ahead of the 200-day but then overcame that, to jump through a rumored $0.9750 barrier. The subsequent follow-through turned out to be lackluster, the pair peaked at $0.9758 after some minor stops were hit. It then consolidated through the morning, before sharply reversing the earlier move and then trading below $0.9698 to hit a new session low of $0.9636. Aussie-dollar was last $0.9 ahead of demand at $0.9625/20 and then toward $0.9600.
