- The Australian jobless rate rose to 5.2% but the economy still managed to create more jobs, many of them part-time.
- The Bank of Korea kept its’ base rate unchanged at 2%.
The market was dominated today by the JPY with stops being triggered below 123.90 in EUR/JPY and exporters selling USD/JPY consistently. The AUD/USD and the EUR/USD were volatile inside fairly managed ranges.
Regional equity markets were generally lower with Tokyo losing 1.75% and Shanghai losing 2.25%. Gold is modestly higher at $913.50/oz and oil is back above $43/bbl, up over 1.25% on the session.
Ranges: EUR/USD 1.2792/1.2870, USD/JPY 95.99/97.45, Cable 1.3825/1.3920, AUD/USD .6470/.6525, Swissy 1.1499/1.1568 and EUR/JPY 123.31/125.09.