By Krishna K — Sep 18 - 09:50 PM
AUD/USD -0.35% in Asia as USD rallies broadly as higher U.S. yields boost
Robust U.S. economy, waning inflation, lower rates seen as USD positive
Australia employment jumps 47,500 in Aug, jobless stays at 4.2%
Data beats forecasts for a 3rd straight month, lessens odds of RBA rate cut
2nd failure above 0.6800 weighs on AUD, concerns over China's economy cap
Diverging RBA-Fed rate expectations limit downside; RBA rate decision Tue
Support 0.6740, 0.6720-25, 0.6695-0.6700; resistance 0.6770. 0.6795-0.6800
Asia range 0.6738-0.6772
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Source:
Refinitiv IFR Research/Market Commentary