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Australian employment numbers come in close to expectation

Written by Sam Coxhead on March 8th, 2012.      0 comments

11:45 AM (AEST) Then just released Australian employment numbers showed a decrease in part-time employment of 15k, and the unemployment rate up .1% as expected, at 5.2%.
 
Coming off the back of the weak GDP number yesterday, this is a reasonable number and certainly not one that will have the RBA rushing to cut the cash rate at their next meeting.
 
As can be seen on the table below the AUD is just slightly lower across the board and pushes back the NZDAUD (AUDNZD) very much back into the familiar territory.
 
The remainder of the week will no doubt continue to be rangy and volatile with the ECB and BOE set to announce monetary policy unchanged later today, Chinese inflation numbers and US employment numbers tomorrow, and the fate of the Greek debt swap plan at some stage hopefully over the weekend. Good luck!
 
          Past 24 hours
  Current level Pre-AU Emply  % Chge since AU Emply   Low High
NZD/USD 0.8151 0.8149 0.02%   0.8113 0.8204
AUD/USD 1.0550 1.0568 -0.17%   1.0506 1.0595
NZD/AUD 0.7725 0.7711 0.18%   0.7681 0.7749
AUD/NZD 1.2945 1.2968 -0.18%   1.2905 1.3019
NZD/GBP 0.5180 0.5180 0.00%   0.5162 0.5209
NZD/EUR 0.6200 0.6203 -0.05%   0.6186 0.6238
NZD/YEN 66.24 66.16 0.12%   65.40 66.58
NZD/CAD 0.8136 0.8135 0.01%   0.8113 0.8196
 

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