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Australian Employment numbers stronger than expected

Written by Sam Coxhead on February 16th, 2012.      0 comments

5 AM (AEST) The just released Australian employment numbers revealed a positive surprise. The unemployment rate fell .1% to 5.1% (5.3% expected) and the expectation of 10.5k of added jobs was trounced by the 46.3k number, albeit a large portion were part time jobs added.
The wider market sentiment remains mixed with some element of US dollar strength evident in the US session, and this helped contain the NZ and Australian dollars for the most part. Greece remains the big uncertainty, with the Euro-group meeting of European finance ministers delayed until Monday. It would appear that the progression towards a finalized debt swap in Greece is not a done deal.
The NZD has seen pressure across the board since the Australian employment numbers as the liquidity of the NZDAUD pairing (the biggest mover), pushes it lower again its other trading partners.
          Past 24 hours
  Current level Pre-AU Emply  % Chge since AU Emply   Low High
NZD/USD 0.8300 0.8316 -0.19%   0.8317 0.8425
AUD/USD 1.0720 1.0683 0.35%   1.0660 1.0779
NZD/AUD 0.7743 0.7785 -0.54%   0.7777 0.7813
AUD/NZD 1.2915 1.2845 0.54%   1.2799 1.2858
NZD/GBP 0.5292 0.5303 -0.21%   0.5300 0.5364
NZD/EUR 0.6367 0.6375 -0.13%   0.6344 0.6411
NZD/YEN 65.10 65.25 -0.23%   65.37 66.11
NZD/CAD 0.8307 0.8323 -0.19%   0.8314 0.8372