The employment report showed continued job gains:
AUD had gained heading into the data release ....
And its now on approach to its overnight high:
AUD has been more responsive to global developments rather than local data but this report should act a supportive factor for the currency.
Yesterday an RBA official (Assistant Governor Kent) said the currency would be higher if not for RBA policy. It was a flaccid attempt at jawboning if that's what it was, it sounded more like a cry for help than a central bank expressing its resolve for a lower currency. Kent was repeating the sentiment expressed by Governor Lowe in earlier days.
