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Australian employment picture clouded

Written by Sam Coxhead on January 19th, 2012.      0 comments

1:52 PM (NZT) The just released Australian employment numbers show a mixed picture. There was a dramatic fall in the number of part time jobs, but this was partially balanced by a increase in full time jobs. The Unemployment rate came in at 5.2% against an expectation of 5.3%.
 
The AUD saw immediate selling pressure in what was a knee jerk reaction to initial headlines, and has recovered from its post data lows.
 
The numbers today may cause the recent enthusiasm for both the NZD and AUD to be tempered somewhat.
 
          Past 24 hours
  Current level Pre-AU Emply  % Chge since AU Emply   Low High
NZD/USD 0.8025 0.8039 -0.17%   0.7992 0.8082
AUD/USD 1.0395 1.0428 -0.32%   1.0354 1.0435
NZD/AUD 0.7722 0.7710 0.16%   0.7690 0.7766
AUD/NZD 1.2950 1.2970 -0.16%   1.2877 1.3004
NZD/GBP 0.5202 0.5208 -0.12%   0.5194 0.5249
NZD/EUR 0.6243 0.6247 -0.06%   0.6240 0.6295
NZD/YEN 61.62 61.74 -0.19%   61.36 62.09
NZD/CAD 0.8123 0.8135 -0.15%   0.8106 0.8192
 
 

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