The Aussie dollar has taken a fresh hit following the release of labour market data that came in far worse-than-expected.

The Aus dollar (AUD) and Euro (EUR) both face strong headwinds in coming weeks, with declines versus USD likely to be only a question of how large.

The Aus dollar (AUD) is forecast to decline yet further by analysts at Australia’s Westpac bank.

The Aus dollar has extended recent weakness as the government revises its year-end forecast for a wider cash deficit of AUD 40.4 billion from an early 29.8 billion due to weaker iron ore prices.

The Australian dollar exchange rate complex (AUD) is once of the biggest losers in global FX as we head into the closing sessions of early December.