The labour market reports was a huge beat, great numbers (admittedly its a volatile data set):

AUD/USD offers sitting 0.7440/55

Bids come in 0.7410 and then under 0.7400

Response from RBC, comments via Reuters :

On the RBA: report will give them a bit of confidence that some of the weakness we saw in employment earlier this year was temporary

  • there is still a lot of slack in the (jobs) market
  • have to see ongoing above trend and above average job growth to absorb that spare capacity
  • need more prints of this magnitude to ease the slack and lift wages growth