Australian dollar dropped after the December jobs report showed a large loss

<p>The data is here, a terrible job loss result:</p><ul><li><a href="https://www.forexlive.com/news/australia-dec-employment-651k-expected-176k-unemployment-rate-39-exp-39-20240118/" target="_blank" rel="follow" data-article-link="true">Australia Dec. Employment -65.1K (expected +17.6K) Unemployment rate 3.9% (exp 3.9%)</a></li></ul><p>The unemployment rate held steady with the drop in participation. the tightness in the Australian labour market is diminishing. </p><p>AUD/USD was marked lower, but recovered somewhat. Still down on the session so far though:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.