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Aug 15 - 02:36 AM
AUD/USD - Jobs Fuel Jump, But Real Driver Still Risk Outlook
First appeared on eFXplus on Aug 15 - 12:20 AM
  • The strong Australian jobs data nL4N25A14L, dominated AUD and Aus yields
  • Despite fresh lows in UST yields, with the 30yr below 2% nL4N25B0GG
  • OIS on RBAWATCH price a Sept RBA cut at 23%, down from an 38% pre jobs
  • December OIS is little changed, expecting 40bp cuts now v's 41bp pre data
  • Global growth and risk appetite lead AUD event risk, despite unexpected jobs
  • AUD/USD trades +0.5%, still an inside day, with AUD/JPY and AUD/NZD +0.4%
  • AUD in a holding pattern for over a week, leaving daily charts neutral

aud aug 15 Click here

Source:
Refinitiv IFR Research/Market Commentary

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