Seems you can’t kill the Aussie at the moment.
After falling to 0.7924 after the inital shock of the big fulltime fall in employment this morning – more than a cent off last night’s high at 0.8030 – the Aussie recovered this afternoon to trade all the way back to 80 cents.
It’s pulling back now.
But the move, which is mirroring a similar move in the Kiwi, suggests that global investors might be back on the yield story as Australian bonds head higher in trade today.
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