Macro Morning

See the latest Australian dollar analysis here:

Bonds, not stocks or houses, are pointing to Australia’s future

By Chris BeckerĀ 

Friday night saw a big reversal in USD as the long awaited US unemployment (non-farm payroll or NFP) print for December showed a much less than expected pace – only 145K jobs created – with a subsequent risk-off mood on Wall Street. Undollars like gold and especially the Australian dollar broke higher on the disappointing print, with stock futures indicating a wobbly start to the trading week here in Asia.

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