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Employment data offer no support to the AUD which finished Thursday in equal bottom spot with the USD. GBP and EUR extend their gains.


Wednesday was a day of big swings and reversals for all the FX majors after US CPI data. AUD/USD back to 79 cents, more than a full cent off its daily low.


US CPI likely holds the key for equity and FX markets. Tuesday’s US NFIB survey brought more evidence of wage pressures.


US stocks recover sharply, lifting AUD to top spot on Monday. NAB Survey due today then watch UK CPI and US NFIB survey.


AUD awaits NAB Survey and Australian jobs data this week. US NFIB and CPI data will be key for inflation worries and the stock market.

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