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Strong Employment numbers see skippy jump

Written by Sam Coxhead on December 9th, 2010.      0 comments

11:56 AM(AEST) Australian employment  saw a strong rise in the number of new jobs of 54.6k to lower it's unemployment rate of 5.2% , this caused a nice 50pt jump in the AUD and managed to drag the NZD with it, although the NZD has given over half its gains. This is a solid number and will be heartening for Australians after a string of weaker data of late. We are certainly at levels of great buying of NZD, for those that have AUD to sell.

          Last 24 hours trade
  Current level Pre-AUST EMPL Chge since AUST EMPL   Low High
NZD/USD 0.7489 0.7476 0.2%   0.7430 0.7666
AUD/USD 0.9845 0.9794 0.5%   0.9748 0.9859
NZD/AUD 0.7608 0.7634 -0.3%   0.7595 0.7689
AUD/NZD 1.3144 1.3099 0.3%   1.3005 1.3166
NZD/GBP 0.4735 0.4730 0.1%   0.4706 0.4795
NZD/EUR 0.5645 0.5638 0.1%   0.5609 0.5708
NZD/JPY 62.85 62.81 0.1%   62.47 63.32
NZD/CAD 0.7565 0.7559 0.1%   0.7521 0.7654
 

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