Aussie Dollar Off Ahead of Jobs Data

        17:47 EDT - AUD/USD is a tad lower as investors focus on the Australian employment report with expectations that the unemployment rate will rise, says BNZ strategist Kymberly Martin. "As always, the employment reports are a lot more complex than the unemployment rate, although initially this number grabs attention." Martin adds BNZ's parent bank NAB expects a rise in the unemployment rate to 6%, higher than market consensus for 5.9%. She adds overall this type of outcome "should not be too negative for the AUD." The pair is at 0.9327, from 0.9340 late last session. Martin puts short-term support for the pair at 0.9320 and resistance at 0.9380. (lucy.craymer@wsj.com; @lucy_craymer)
        (END) Dow Jones Newswires

        May 07, 2014 17:47 ET (21:47 GMT)