Aussie jumps on jobs surprise, dollar holds steady
Updates at 0205 GMT
By Rae Wee
SINGAPORE, Oct 17 (Reuters) -The Australian dollar charged higher on Thursday after employment numbers beat forecasts for a sixth month, while the dollar held near an 11-week high as it drew additional support from a potential Trump win at the upcoming U.S. election.
The highlight of the Asia day was on a press conference in China which kicked off at 0200 GMT, focused on measures to prop up the country's beleaguered property sector.
The onshore yuan CNY=CFXS was steady at 7.1179 per dollar as officials were speaking, while its offshore counterpart CNH=D3 was last 0.14% higher at 7.1261 per dollar.
The Australian dollar AUD=D3, often used as a liquid proxy for the Chinese yuan, gained 0.66% to $0.6710, as the upbeat jobs report at home overshadowed the ongoing news from China.
Data on Thursday showed net employment in Australia surged 64,100 in September from August, well above market expectations for a 25,000 rise, while the jobless rate held steady.
That led traders to pare back bets of a first interest rate cut from the Reserve Bank of Australia (RBA) in December.
"Today's data release will only reinforce the RBA's view that labour market conditions are still tight relative to full employment," said Abhijit Surya, Australia and New Zealand economist at Capital Economics.
"With the labour market running red hot, the (RBA) won't cut rates before the first half of next year."
In the broader market, the dollar was on the front foot, after having scaled an 11-week top against a basket of peers in the previous session.
Sterling GBP=D3 traded 0.03% higher at $1.2995, but languished near a two-month low hit on Wednesday due to weaker-than-expected UK inflation data. The yen JPY=EBS struggled near the 150 per dollar level and was last at 149.36.
The euro EUR=EBS was little changed at $1.0864, ahead of a monetary policy decision from the European Central Bank later on Thursday where it is expected to deliver another rate cut. 0#ECBWATCH
The dollar has not only drawn support from a run of upbeat data on the U.S. economy which has in turn caused traders to scale back their expectations of Fed rate cuts FEDWATCH, but also on the possibility of a victory by Republican presidential candidate Donald Trump at next month's election.
"His core policies on tariffs, immigration, and taxes would produce a more inflationary outlook in the U.S., diminishing prospects for aggressive Fed rate cuts over the cycle," said Thierry Wizman, global FX and rates strategist at Macquarie.
The dollar index =USD was last steady at 103.47, having peaked at 103.60 in the previous session.
Elsewhere, the New Zealand dollar NZD=D3 ticked up 0.28% to $0.6074.
It was nursing some losses after hitting a two-month low on Wednesday as data showed domestic inflation returned to the Reserve Bank of New Zealand's target range of 1% to 3% in the third quarter, keeping the door open for the central bank to continue aggressively cutting rates.
World FX rates https://tmsnrt.rs/2RBWI5E
Reporting by Rae Wee; Editing by Kim Coghill and Shri Navaratnam
Aset Terkait
Berita Terbaru
Pengungkapan: Entitas XM Group menyediakan layanan khusus eksekusi dan akses ke Fasilitas Trading Online kami, yang memungkinkan Anda untuk melihat dan/atau menggunakan konten yang tersedia pada atau melalui situs, yang tidak untuk mengubah atau memperluas, serta tidak mengubah atau memperluas hal tersebut. Akses dan penggunaan ini selalu sesuai dengan: (i) Syarat dan Ketentuan; (ii) Peringatan Risiko; dan (iii) Pengungkapan Penuh. Oleh karena itu, konten disediakan hanya sebagai informasi umum. Anda juga harus ketahui bahwa konten Fasilitas Trading Online kami bukan sebagai ajakan atau tawaran untuk untuk melakukan transaksi apa pun di pasar finansial. Trading di pasar finansial mana pun melibatkan tingkat risiko yang signifikan pada modal Anda.
Semua materi yang diterbitkan di Fasilitas Trading Online kami hanya untuk tujuan edukasi/informasi dan tidak boleh mengandung nasihat dan rekomendasi finansial, pajak investasi atau trading, catatan harga trading kami, penawaran, permintaan, transaksi dalam instrumen finansial apa pun atau promo finansial untuk Anda yang tidak diminta.
Konten pihak ketiga apa pun, serta konten yang disiapkan oleh XM, seperti opini, berita, riset, analisis, harga, informasi lain atau link ke situs pihak ketiga yang tersedia "sebagaimana adanya", sebagai komentar pasar umum dan bukan menjadi nasihat investasi. Sejauh konten apa pun ditafsirkan sebagai penelitian investasi, Anda harus memperhatikan dan menerima bahwa konten tersebut tidak dimaksudkan dan belum disiapkan sesuai dengan persyaratan hukum yang dirancang untuk mempromosikan kemandirian riset investasi dan dengan demikian akan dianggap sebagai komunikasi pemasaran di bawah hukum dan peraturan yang relevan. Mohon dipastikan bahwa Anda telah membaca dan memahami Notifikasi pada Riset Investasi Non-Independen dan Peringatan Risiko kami mengenai informasi di atas, yang dapat diakses disini.
