AUD/USD leapt higher on the super Australian jobs report

The data is here, very, very strong. Unemployment down despite the participation rate rising.

• Australian September unemployment rate 4.1% (vs. 4.2% expected)

I posted earlier that the continued strong jobs numbers in Australia is giving the RBA space to hold its cash rate high to fight stick inflation. Thats still the case after this report.

This article was written by Eamonn Sheridan at www.forexlive.com.