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12 Sep 2013
Session Recap: AUD dumped on big Aussie jobs data miss; Gold dips
FXstreet.com (Barcelona) - The AUD/USD was dumped today in the Asia-Pacific following much worse than expected Aussie jobs report showing a loss of -10.8k jobs down under when +10k was expected, rising odds for a further RBA rate cut next month, helping a bit in the otherwise soft USD that falls below key 81.5 level of the DXY spot index.
USD/JPY printed fresh 3-day lows at 99.40 on the back of this combination of weaker USD and stronger Yen following a bit worse than expected Japan core machinery orders, and Nikkei opening lower below the 14400 points mark, down last -0.11%. EUR/USD in the other hand keeps capped below the 1.3325 weekly high, inside a 25 pip trading range for last 8 hours.
Local share markets are mostly in the positive but not by much, while the Nikkei index has been in the negative all session long. Gold has dipped to fresh 3-week lows at $1354, 50% retrace of latest daily up, while Oil is flat below the $108 handle. The RBNZ left interest rates unchanged with a hawkish bias, sending the Kiwi to fresh 3-week highs at 0.8150.
Main headlines in the Asian Session:
RBNZ reaffirms hawkish stance, rate hikes will be required in 2014
RBNZ Wheeler press conference: If loan limits not effective, will have to rethink...
Yomiuri: Japan’s PM Abe to raise sales tax as scheduled
Japan Machinery Orders (MoM) up to 0% in July from -2.7%
Market caught on the wrong foot as Australian jobs miss
AUD/USD plummets on bad Aussie jobs data
Japan’s chief cabinet secretary Suga: Says it is not true that Abe has decided on sales tax rise
USD/JPY printed fresh 3-day lows at 99.40 on the back of this combination of weaker USD and stronger Yen following a bit worse than expected Japan core machinery orders, and Nikkei opening lower below the 14400 points mark, down last -0.11%. EUR/USD in the other hand keeps capped below the 1.3325 weekly high, inside a 25 pip trading range for last 8 hours.
Local share markets are mostly in the positive but not by much, while the Nikkei index has been in the negative all session long. Gold has dipped to fresh 3-week lows at $1354, 50% retrace of latest daily up, while Oil is flat below the $108 handle. The RBNZ left interest rates unchanged with a hawkish bias, sending the Kiwi to fresh 3-week highs at 0.8150.
Main headlines in the Asian Session:
RBNZ reaffirms hawkish stance, rate hikes will be required in 2014
RBNZ Wheeler press conference: If loan limits not effective, will have to rethink...
Yomiuri: Japan’s PM Abe to raise sales tax as scheduled
Japan Machinery Orders (MoM) up to 0% in July from -2.7%
Market caught on the wrong foot as Australian jobs miss
AUD/USD plummets on bad Aussie jobs data
Japan’s chief cabinet secretary Suga: Says it is not true that Abe has decided on sales tax rise