Australian dollar taken hostage by US jobs

See the latest Australian dollar analysis here:

Macro Afternoon

All markets are becalmed. They are waiting for US jobs come Friday. The BLS release has within it the prospect of breaking today’s impasse. If jobs boom then the recovery narrative can gather speed and DXY rally. If they stall again on supply-side hiccups then markets will probably push back Fed action. DXY and EUR are in the meantime swapping footy cards:

Australian dollar is stalled:

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