ForexLive Asia Wrap Thu 06 Dec 2012: AUD Jumps on Employment Gains

Light day for data/announcements in Asia:

S&P lowered their rating on Greece, cutting sovereign long-term foreign currency rating from 'CCC' to 'selective default'. S&P said they viewed the Greek goverment's debt buyback to be a selective default; adding that when the buyback is complete (expected to be Dec. 17) the rating will be raised back to CCC (stay tuned for that headline...). The outlook remains negative.
Sth Korean GDP (final) figures for Q3 were reported showing a disappointing +0.1% vs. +0.2% for the earlier numbers
Big data event for today was the Australian Nov. Employment Report, which came in at +13,900 (vs. expectations for flat). More details on the report here.
The AUD/USD jumped from a low of 1.0441 just before the announcement a quarter of a cent and then up to a high of 1.0481. The 75/85 level has been a huge level ever since the rate cut on Tuesday and today was no different; sellers stood fast, providing a top .
The NZD/USD had a solid day after a big jump on the 'no change' rate decision from the RBNZ in late NY time.
EUR/USD fell a little during the Asian session, continuing its trend from Europe and NY of weaker after the failed push through 1.3120 in Europe on Wednesday morning.
The Yen continued its weak ways, as high as 82.62 in Tokyo.