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Sep 18 - 11:55 PM

AUD/USD - Under Pressure Despite Robust Australia Jobs Data

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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