First though its important to know how we got here. The Aussie had a strong rally throughout 2009 as equities, commodities and other asset classes recovered from the severe financial crisis of 2008 and the global recession that followed. A lot of this rally was powered by central banks sharply

Read more here:
Comparing the Australian and US Economies & Impact on AUD/USD

Labor markets around the world were heavily affected from the severe economic downturn which had led companies to fire employees as a way to cut costs, yet as economic conditions are improving, the job sector is slightly reaching out for recovery yet it remains volatile.

Read more here: 
Unemployment Rates Steps Down A Notch In The United Kingdom Ahead Of Next Week’s Government …

On Friday’s trading session we saw the release of the monthly Nonfarm payrolls report. The report showed that the US shed 36K jobs for the month of February. The report beat expectations of -60K.

Read more here:
NFP Beat Expectations And Showed The Job Market Shed Only 36,000 Jobs For The Month Of February!