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AUD

Aussie gives up job gains as share selldown strikes back

The AUDUSD returned to the two-week highs yesterday after a mixed jobs report saw the unemployment rate fall to 5.0%.

However, the local currency slipped back lower overnight as the selling returned to Wall Street.

Earlier, the September jobs reports missed headline expectations, with 5.6k new jobs versus the 15k forecast. However, the unemployment rate dropped from 5.3% to 5.0%.

Sell-off

The broad sell-off across markets hit the Aussie with the AUDUSD down 0.1% as it moved to one-week lows.

The Aussie was better in other markets as tensions between the EU and Italy created concern in Europe.

The AUDEUR climbed 0.3% as it neared three-week highs.

The AUD fell versus the safe havens with the AUDCHF down 0.1% and the AUDJPY down 0.4%.

Chinese numbers

The Chinese economy will be the centre of attention today with September-quarter economic growth numbers due at 1.00pm AEDT.

The numbers are expected to see a slip in the country’s growth rate with the annual number expected at 6.6%. This would be the lowest result since 2009.

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