The Australian dollar held early Asia gains against the US dollar after the Australian economy created more jobs than expected last month.
The Australian economy created 64.9k jobs in August, compared with forecasts for a gain of 23k, following job losses in July. The unemployment rate remained flat at 3.7%, in line with expectations, just off five-decade lows. The solid jobs number was almost entirely due to part-time employment gains (62.1k), prompting a slight retreat in AUD/USD. Full-time employment rose 2.8k following losses of 24.2k in July.
