Australian Employment numbers stronger than expected
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.
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 | |




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