Opened at $1.0696 in Asia having fallen back yesterday from highs of $1.0776 following comments from PBOC’s Zhou. Doubts over the Greek debt deal and dovish FOMC comments sent the AUD/USD lower throughout the rest of the day to $1.0681 lows in NY, and the pair continued to slip in early Asian trade to lows of $1.0671. The release of strong employment data showing a rise of 43K against an expected 10k and fall in the unemployment rate to 5.1% from 5.3%, spiked the AUD back to $1.0740, but only served to spark a raft of profit taking in AUD/JPY and other crosses. Aussie fell back sharply through $1.0700 to lows of $1.0660, with the move exacerbated by a strong bounce in EUR/AUD from lows of A$1.2145 to A$1.2210. AUD/JPY was scythed from highs of Y84.27 seen on the back of the jobs data to Y83.61. AUD/NZD leapt from NZ$1.2828 to NZ$1.2926 following the data and has since held up around NZ$1.2900 as traders start to erase any hopes of an RBA cut next month. Aussie bids are seen towards $1.0660 with stronger at $1.0635/40. Offers are from $1.0740,larger at $1.0770/75.
EasyForexNews Research Team