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Forex Flash: Australian jobs data main focus - NAB

As NAB notes, the Austrlain jobs report today "is expected by market forecasters to show a rise in the unemployment rate to 5.5% from 5.4% in January and a rise in jobs of 10K."

"At NAB, we too expect a rise in the unemployment rate but expect weaker jobs growth of 5K. There will be some interest also in the participation rate (the percentage of the working age civilian population available to work) which has of late been trending lower and at 65.0% in January was at a 6½ year low" the bank adds.

Forex: EUR/USD below the 1.3000, time for bears?

The EUR/USD closed Wednesday below the 1.3000 mark at 1.2960 after an attempt of recovery from a fresh 3-month low of 1.2920. Today's economic data highlighted the divergences between the US and the eurozone economies and investors behaved in accordance. US Good data meant higher stocks and Dollar.
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Forex: USD/JPY flat for the week around 96.00

USD/JPY is last at 96.11, virtually unchanged for the week so far, following an initial weekly high Tuesday at 96.70, highest since Aug 2009, and a later on weekly low yesterday at 95.42. The pair cleared some stops reportedly placed from the 96.65 area to 96.50 yesterday, just to reverse from mentioned low on stronger demand, proving the case for some stops hunting in that zone.
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