Breaking: Australian jobs report is not looking good for AUD bulls

Australia’s monthly labour market data has been released as follows and it is not going to be favourable to AUD:

Australian Employment Change Oct: -46.3K (exp 50.0K; prev -138.0K).

Unemployment Rate Oct: 5.2% (exp 4.8%; prev 4.6%).

Participation Rate Oct: 64.7% (exp 64.8%; prev 64.5%)

AUD/USD is moving lower on the release, losing some 0.13% at the time of writing. 

More to come...