80 CENTS: Aussie dollar recovers strongly after jobs data dip

Getty/Andrew Burton

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.

AUDUSD 1 minute chart (Go Markets, MT4)

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.