Live Markets, Charts & Financial News

AUD higher heading into the jobs data soon (NZD, CAD and yen higher too)

0 29

The summary of Asia so far is a weaker USD.

While EUR and GBP are up a few tics the gains are more notable for AUD, JPY, NZD and CAD.

Apart from what has already been posted (barely any news at all really) there is nothing fresh on the wires or data calendar.

The jobs report from Australia is due at the bottom of the next hour, just after the PBoC daily rate fishing:

Aussie jobs what to expect is here:

Via National Australia Bank on the jobs report:

  • expect a notable improvement after a July decline that looked to reflect shifts in seasonal patterns around school holidays rather than genuine softness
  • We pencil in +50k for employment and the unemployment rate to dip back a tenth to 3.6%
  • With exceptionally strong estimates of population growth, it takes a monthly gain around 33k just to keep the ratios (unemployment and participation rates) stable.
Leave A Reply

Your email address will not be published.