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Forex Flash: Australian employment data helped by part time work gains – Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that overnight data saw the release of Australian employment data that were helped by gains in part time work (keeping the unemployment rate at 5.4% despite a 9,800 fall in full-time jobs).

He writes, “AUD is holding above USD 1.03, but remains vulnerable., Japan saw weak earnings from exporters, and with JGB yields drifting lower again, there isn’t anything to change the weak yen policy.”

Forex: EUR/GBP keeps the tops after UK data

The sterling was boosted after the positive data in the UK, where the industrial and manufacturing production have contracted 1.7% and 1.5% on a yearly basis respectively, and...
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UK: Annual Industrial Production dips 1.7% in December

Year-over-year UK Industrial Production fell by 1.7% in December, following a 2.4% drop in November, National Statistics informed on Tuesday. This is a more positive result that the forecasted 2.1% decrease. UK Industrial Production rose by 1.1% between November 2012 and December 2012, in comparison with the 0.2% growth registered between October 2012 and November 2012 and above expectations of +0.9%.
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