9 Jan 2015
AUD/USD bid on mixed US jobs report
FXStreet (Guatemala) - AUD/USD is currently trading at 0.8165 with a high at 0.8175 and a low of 0.8106 while 0.65% up on the day.
AUD/USD has been a mixed play around a mixed jobs report from the US. The Nonfarm Payrolls report gave us a slightly stronger than the consensus at 252K (240K consensus) and added substantial upward revisions to the previous months’ data. However, the hourly earnings were a real disappointment.
Rob Carnell, analyst at NIG Bank said, "Just when it looks as if the US is about to see a step up in the wages figures, not only do you get a weak figure (-0.2%mom) but large revisions to past data, and the wages growth rate has plunged back to 1.7%YoY from 1.9% (2.1% unrevised last month)"..."With even less wage inflation than was apparent last month, the doves can argue that the unemployment figures are biased and giving a misleading steer, and argue against any near-term increase in rates".
AUD/USD has been a mixed play around a mixed jobs report from the US. The Nonfarm Payrolls report gave us a slightly stronger than the consensus at 252K (240K consensus) and added substantial upward revisions to the previous months’ data. However, the hourly earnings were a real disappointment.
Rob Carnell, analyst at NIG Bank said, "Just when it looks as if the US is about to see a step up in the wages figures, not only do you get a weak figure (-0.2%mom) but large revisions to past data, and the wages growth rate has plunged back to 1.7%YoY from 1.9% (2.1% unrevised last month)"..."With even less wage inflation than was apparent last month, the doves can argue that the unemployment figures are biased and giving a misleading steer, and argue against any near-term increase in rates".