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Forex pairs in this Article » (Barcelona) - Brown Brothers Harriman analysts note that the two main forces of late have been the rebounding Euro and depressing Yen, but a third can be the under performance of the dollar bloc.

They write, "It cannot be simply dismissed to disappointing Australian employment data, though it was weak. Australia lost 5.5k jobs while the consensus expected a 4.0k increase. Moreover, Australia lost 13.8k full time jobs after a revised 6.3k loss in November (originally 4.2k loss). On the other hand, Australia reported an 8% decline in imports in December, setting the stage for a better trade report, after the blow out to 5-year highs in November."
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