Forex news for Asia trading Thursday 12 November 2015
ECB:
– Bank of Korea left interest rates unchanged, as widely expected
The big move today in Asia was in the Australian dollar, which ticked slowly and marginally higher in the hours before the employment report for October and then leaped nearly a big figure upon the release. The headline result was a huge beat (58,000 vs. 15,000 expected) and given the volatility in the data raised immediate questions. The trend of employment growth is, though, higher. Regardless of all the doubts and equivocations, as I said the AUD leaped. It stabilised somewhat around 0.7140 and its not far from there as I update.
ForexLive Asia FX news wrap: Australian employment data trend, and AUD, up
