It's a big day for the AUD, with March employment data at 11:30 and China trade balance (Reuters expects this at 12:00)
It's a big day for the AUD, with March employment data at 11:30 and China trade balance (Reuters expects this at 12:00). In terms of jobs, the market expects 2500 jobs to be created, with a range of +25,000 to -20,000 from economists. Earlier in the month we saw a strong Korean export print (+5.2%) and this has generally been a been a good guide to China's export numbers, which in turn are expected to stage a strong rebound after big falls last month. AUD/USD is looking a touch overbought at present, so we could see some modest profit taking going into the data flow.
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