Aussie was the main mover this morning after it had opened at $0.9414 this morning. Aussie-dollar found early support off $0.9408 and traded up to $0.9431 in light early dealings. It spiked up to a $0.9459 high immediately after the release of Australian June jobs data, which showed employment rising by a larger-than-expected amount. But the move stalled as traders quickly took profit and sold into the rally. Details of the jobs datarelease also showed the unemployment rate had edged back up to the February high of 6.0%, vs expectations of an unchanged reading. Aussie-dollar retreated to $0.9408 soon after that and hovered near there for the next few minutes. The release of below-forecast Chinese trade data triggered another aussie move, this time down to a $0.9397 low. Since then, there have only been shallow recoveries back to $0.9408, with the aussie last at $0.9406. Further losses are expected to take the aussie down to $0.9330/20 recent lows, with $0.9325 marking the post-US payrolls data low. Offers are noted just ahead at $0.9440/50, some stops mixed in between, further offers also noted toward $0.9500, and more stops above $0.9505.
