I posted earlier on the AUD/NZD selling, and it finally seems to have taken a toll on AUD/USD
From circa 0.7850 to under 0.7835 now
So, not a big move ... but in Asia this is sometimes all we get!
We had some data from Australia at 0130GMT:
- Job vacancies for the 3 months to August were +6% q/q (previous result was +1.5%)
- up 15.4% y/y
This data point is not generally a market mover ... and given the result it should have been a positive for AUD if it was.
So, I reckon it was the weight of AUD/NZD sellers finally breaking the camels back. And, not disregarding the negative impacts already out there, notably the softness in the iron ore price, lower again today.
And, noting also, EUR/USD is a little weaker, as is cable, and USD/CHF a few points higher. So some USD strength also playing a part.
USD/JPY up a few points also
