AUD Continues To Drift Lower On Weak Jobs

We continue to see weakness in the AUD at the close in Sydney, after a poor jobs number rattled the markets earlier in the day.

The number of people employed fell 10,800 in August, compared with estimates for a 10,000 increase.

Unemployment rose to a four-year high of 5.8 percent, from 5.7 percent in July.

Traders are pricing in a 40 percent chance the RBA will cut rates by the end of this year, compared with 38 percent before the release.