Aussie Shows Relative Strength

While both euro and pound drifted lower in Asian session today, the Aussie continued to hold ground around the .9100 figure boosted by strong business sentiment and labor data. Australian NAB Business confidence survey rose to 19 from 15 the month prior while ANZ Job Advertisements soared to 19.1% from a decline of -8.1% on January. The dramatic jump in ANZ data was the biggest gain in more than 2 years and bodes well for the Australian employment report due Thursday at 00:30 GMT.