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Market Movers: AUD boosted by robust employment numbers, INR strengthens

FXStreet (Barcelona) - The Asian session today saw AUD and INR strengthening after robust employment figures in Australia and the surprise 25bps rate cut by the RBI respectively. AUD/USD is up 1.07% at 0.8228,, while USD/INR is down 0.6000 points at 61.5900

US indices registered another negative close with Dow (-1.05%), S&P 500 (-0.58%) and Nasdaq (-0.48%) down while the Asian indices moved higher with Nikkei up by 1.89% and Shanghai Composite up 3.54%.

Oil has climbed higher with the WTI and Brent spread seen as diminishing, WTI Crude (+2.95%) and Brent Crude (+2.25%) trade at USD 48.23/ barrel and USD 48.86/barrel respectively. Gold Futures are lower by 0.50% at USD 1227.95/Oz.

At the time of writing, NZD/USD is up 0.38% at 0.7741. EUR/USD (-0.06%) and GBP/USD (-0.16%) are the only losers among majors, trading at 1.7777 and 1.5211 respectively. USD/JPY trades 0.26% higher at 117.76 after seeing a low at 116.068 yesterday.

The top gainers in the FX space are USD/RUB at 65.4098, up 2.51%, followed by AUD/JPY (+1.30%) and AUD/CHF (+1.26%). The losers include GBP/AUD (-1.26%), EUR/AUD (-1.25%) and GBP/NZD (-0.64%).

USD/JPY inching higher, 118.00 on sight

The Japanese yen is giving away some of the recent gains vs. its American counterpart, allowing USD/JPY to return to the upper 117.00s...
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NZD/USD might move towards 0.7450 – Westpac

The Westpac Team remains bearish towards the NZD and forecasts the NZD/USD pair to target 0.7450 levels over a multi-month horizon, further anticipating NZ CPI to register a 0.9% yoy print, below the RBNZ’s target band of 1%-3%.
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