The Aussie dollar is little changed overnight except against NZD where we’ve seen some pretty substantial falls in the region of 2%. The reason for the dramatic falls against the so called Kiwi was as a result of comments from the RBNZ relating to the property market and perhaps the need for new policies before the end of the year.
U.S preliminary jobs numbers were strong overnight and suggest tonight’s official non-farm employment data could be another cracking number. If that’s the case we could well see Aussie decline on renewed USD bullish sentiment as a result on interest rate expectations. The market is expecting to see about 175K new jobs and a slight increase in the unemployment rate to 4.8%.
DATA RELEASES TODAY:
USD – Non-Farm Employment & Unemployment Rate at 10.30pm
AUD EXCHANGE RATES:
AUD/USD – 0.7481
AUD/GBP – 0.5803
AUD/EUR – 0.6733
AUD/NZD – 1.0361
AUD/JPY – 75.440
***Above rates are indiciative wholesale rates and intended as a quide only***
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Patrick Downes
Senior Corporate FX Dealer
Compass Markets
Contact Patrick for a quote on 0431 278 632
