Australian June Unemployment Change of 7k vs. 10k forecast did little to slow down the Australian dollar which rallied to 0.7650 as internals of the Jobs numbers showed +38k Fulltime positions made.
Sentiment has turned a little bit negative at the open in Asian trade Friday as reports of a possible terrorist Attack in Nice, France on Bastille day circulate the market.
The AUD/USD has fallen to 0.7610 and a break below 0.7580 will open up a larger potential move to the downside.
The GBP/USD enjoyed gains yesterday after the Bank of England failed to deliver a widely anticipated rate cut in their first post Brexit meeting. Citing the need to wait for further economic data to show the size of the Brexit effect on economic projections.
GBP/AUD rallied to month highs at 1.76 but still significantly lower than pre Brexit levels above 1.95.
