Australia's dollar dropped against its Group-of-10 peers after employment unexpectedly declined in December, bolstering expectations for interest-rate cuts later this year.
AUD/USD fell as much as 0.4% to 0.6526 after jobs declined by about 65,100 month-on-month, missing economists' forecast of a 15,000 rise, and full-time employment fell by 106,600; pair then rebounded to nearly erase the losses
"There is some noise in the data but a 107k decline in full employment is not Aussie dollar helpful, and supports Reserve Bank of Australia rate expectations" in the second half of the year, said Rodrigo Catril, strategist at National Australia Bank Ltd. in Sydney
Bloomberg Dollar Spot Index consolidated after advancing 0.1% on Wednesday; 10-year US Treasury held at 4.10%.
USD/JPY rose 0.1% to 148.24.
Source : Bloomberg
