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News in 60 Seconds

News in 60 Seconds: Australia ADDS jobs once again!

Rating: 1 votes, 5.00 average.
by , 12-10-2009 at 10:43 AM (1889 Views)
Biggest % gainers: NZD/USD up 1.85%, AUD/USD, AUD/CHF, EUR/USD. Commodity dollar strength continues on as NZD said that they may hike rates in mid 2010. Meanwhile Aussie unemployment rate came in lower and they actually added jobs once again.

Once again, I say that Australia is the "fundamentally strongest" country out of all of the G-8 nations.

Australia added 31,200 jobs vs. 5,300 expected. Last month's job #'s were revised upward too.

Aussie unemployment rate fell to 5.7% vs. an expected increase to 5.9%.

Biggest % losers: USD/CAD down 1.11%, AUD/NZD down 1.05%, EUR/CAD, USD/JPY on CAD strength.

Oil $70.93 continues to fall

Gold $ 1,128

GBP UK Rates hold steady as expected at 0.50%. Maintains the 200 Billion asset purchase program.

CHF rates held steady at 0.25% as expected.

USD Weekly Unemployment Claims climbed (worse) to 474k vs. 463k expected and 457 last time.

Trichet speaks at 12:30pm EST today.

FOMC's Duke speaks at 1:45pm EST today.

Sean Hyman
DailyFX Forum Moderator

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