AUD/USD flows: Solid Job Market

The Australian labor market stayed strong and see another 55.3k employment gains, with both the unemployment and participation rate ticked up by 0.1%. While most gains are in part time job, a rotation from the November report, it does not take out the strength of such report. However, the tightness in job market has not been aligned with wage growth and seen the rate cut chance in the February meeting rises.

AUD/USD still cheers and is trading 0.09% higher at 0.6233.