Australian rose to 4-month maximum versus the greenback stimulated by strong jobs data. The currency managed to overcome resistance at $0.92 climbing to $0.9237.

The number of employed people increased in August by 30,900, while the economists surveyed by Bloomberg News were looking forward to 25,000 gain. The jobless rate decreased from 5.3% in July to 5.1% last month.

Analysts at BNP Paribas note that the direction of monetary policy in the United States and countries like Australia and Canada is completely the opposite. In their view, demand for Aussie and loonie will be higher.

The rise in the Aussie did not give its usual fillip to the U.S. dollar against the yen, via trade in the crosses, reinforcing bearish views on dollar/yen.

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