AUD/USD flows: Softer employment

The October Australian employment report has come in slightly softer than expected but remains healthy. Headline employer gains only 15.9k with unemployment rate steadies at 4.1% and participation rate slipped to 67.1% from 67.2%. The softer employment data confirms the slowing pace of wage hike in Q3 but remains to be seen if such trend continues.

AUD/USD is trading 0.25% lower at 0.6469 with broadly soft sentiment.