AUD up, back down again - wide swings - the story so far (jobs, Westpac, and the RBA)

ICYMI the Australian dollar moved by jobs numbers and RBA speculation today in Asia

Firstly, the AUD was marked up on the blockbuster employment report:

• Australia Jan. jobs report: Employment +39.1K (exp 15K) Unemployment 5.0% (exp 5.0%)
• AUD marked higher immediately on the strong January employment report
• Responses to very strong Australian jobs report coming in

It popped above 0.7200 and then sat just under until Westpac smashed this out:

• Westpac update their RBA forecast - expect a cash rate cut

Westpac have had a very stable call for the Reserve Bank of Australia for years, ie on hold (WPAC spot on with the call for a long, long time), so this update is significant and the market took notice immediately, sending the AUD back down again to a fresh session low:

• AUD under plenty of selling pressure with the RBA rate cut call from Westpac

Also a negative for the AUD (and other 'risk') is this from China:

• A spokesman for China's Ministry of Foreign Affairs says the country will not use the yuan's exchange rate as a bargaining chip to resolve trade disputes with the United States

AUD has seen wide swings, this a one-minute candle chart to try to convey a picture of the session (so far):