*Oct. employment missed -19k; est. 15k; prior month 14.7k
*Mostly driven by full-time employment which fell -10.3k
*Unemployment ticked higher to 5.3% while the participation rate fell to 66%
A review of
AUDUSD price action during a poor Aussie October jobs report. In summary, AUDUSD sold off and bonds rallied as RBA 2020 rate cut pricing edged higher across the curve. The move lower in AUDUSD was also compounded by weak China October activity data.
/2019_11_14-Aussie-jobs-and-china-activity.PNG.aspx "2019_11_14-Aussie-jobs-and-china-activity.PNG")
Source: Eikon