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15 Jan 2015
AUD/USD jumps on the unbelievable Aus jobs data- Rabobank
FXStreet (Guatemala) - Analysts at Rabobank explained that the Aussie 10s were hovering just above the 2.50% level of the RBA’s cash rate this morning ahead of labour force data.
Key Quotes:
"That report was another of the ‘unbelievably good’ variety (literally unbelievable, sadly), showing that an Aussie economy where domestic demand is struggling created 37.4K jobs and 41.6K full-time jobs, the rough equivalent of a 500K US payrolls reading!"
"Naturally, yields rose post-release, but not by that much, suggesting the market shares my skepticism to some degree. Once again, one needs to use common sense here."
Key Quotes:
"That report was another of the ‘unbelievably good’ variety (literally unbelievable, sadly), showing that an Aussie economy where domestic demand is struggling created 37.4K jobs and 41.6K full-time jobs, the rough equivalent of a 500K US payrolls reading!"
"Naturally, yields rose post-release, but not by that much, suggesting the market shares my skepticism to some degree. Once again, one needs to use common sense here."