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May 17 - 11:55 PM

AUD/USD - Drops After Weaker Than Expected Aus Jobs Data

By John Noonan  —  May 17 - 09:40 PM
  • AUD/USD has fallen from 0.6666 to 0.6630 after Aus jobs weaker than expected nAZN14Z6QL

  • Both job creation and the unemployment rate worse than forecast

  • RBA focussed on employment - more likely to hold off tightening again

  • AUD/USD held above Wednesday low at 0.6629 and is back at 0.6640

  • A break below 0.6625 opens the way for test of 2023 low at 0.6554

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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