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Aug 17 - 11:55 PM

AUD/USD - Big Miss On Jobs Number - But Unemployment Falls

By John Noonan  —  Aug 17 - 09:40 PM
  • AUD/USD eased from 0.6935/40 to below 0.6930 on jobs number miss nAZN0FTH83

  • Despite the big miss on jobs, the unemployment rate fell to 3.4% from 3.5%

  • The AUD/USD has recovered to 0.6940 after the brief dip lower

  • The market is now pricing in an 80% chance RBA will cut 25 BPs in Sept

  • AUD/USD support at 50% of 0.6682/0.7146 move at 0.6909

  • Resistance is at the 21-day MA at 0.6985

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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