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TDUX
Jun 24 - 11:55 PM

AUD/USD - Drifts Lower, Uninspired By Jobs Beat

By James Connell  —  Jun 24 - 09:38 PM

• AUD/USD -0.1% Thur despite bigger than expected rise in employment

• AU May employment +40.3k jobs (poll +30k), 4.4% unemployment (poll 4.4%)

• AU May household spending +1.3% m/m (prior -1.1%), keeps pressure on RBA

• Anticipated oil supply surge driving prices down, but growth concerns linger

• RBA's Hauser welcomes lower oil prices but says inflation still far too high

• AUD 0.6834 support within reach, break below would hasten move toward 0.6660

• Range Asia 0.6890-0.6908, support 0.6834 0.6660, resistance 0.7089 0.7200
AUD Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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