The Australian dollar is back above US80c after a big beat on employment data.
The Aussie shot higher immediately after the data was released, gaining almost half a cent against its US counterpart after official data showed the Australian economy added 54,000 jobs last month. The market was expecting an increase of just 15,000.
The AUD was trading at 0.8010 a short time ago. Here’s the chart.
Australian government bonds also sold off, with the yield on the benchmark 10-year government bond rising to 2.741%, the highest level since June.