AUD higher heading into the jobs data soon (NZD, CAD and yen higher too)
<p>The summary of Asia so far is a weaker USD. </p><p>While EUR and GBP are up a few tics the gains are more notable for AUD, JPY, NZD and CAD. </p><p>Apart from what has already been posted (barely any news at all really) there is nothing fresh on the wires or data calendar. </p><p>The jobs report from Australia is due at the bottom of the next hour, just after the PBoC daily rate fishing:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-is-expected-to-set-the-usdcny-reference-rate-at-72784-reuters-estimate-20230914/" target="_blank" rel="follow" data-article-link="true">PBOC is expected to set the USD/CNY reference rate at 7.2784 – Reuters estimate</a></li></ul><p>Aussie jobs what to expect is here:</p><ul><li><a href="https://www.forexlive.com/news/economic-calendar-in-asia-on-thursday-14-september-2023-australian-jobs-report-20230913/" target="_self">Economic calendar in Asia on Thursday, 14 September 2023 – Australian jobs report</a></li></ul><p> Via National Australia Bank on the jobs report:</p><ul><li>expect a notable improvement after a July decline that looked to reflect shifts in seasonal patterns around school holidays rather than genuine softness</li><li>We pencil in +50k for employment and the unemployment rate to dip back a tenth to 3.6%</li><li>With exceptionally strong estimates of population growth, it takes a monthly gain around 33k just to keep the ratios (unemployment and participation rates) stable.</li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
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