No sign of a bounce

09/11/2011 | 23:25 GMT

EUR/USD and AUD/USD are showing no sign of a bounce in early Asia with both pairs trading below their NY close. The AUS stock market is down 3.1% with Asian bourses expected to follow the negative Wall Street lead. Don’t be surprised to see a move back below parity in AUD/USD if the jobs data comes in worse than expected (10k new jobs) – due at 0030GMT.

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