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Aug 17 - 06:55 AM

AUD/USD - Slips Below 0.64 As AU Jobs And China Woes Weigh

By Justin Mcqueen  —  Aug 17 - 05:05 AM
  • AUD/USD fell to a fresh YTD low (0.6365) following weak AU jobs data

  • Employment -14.6k vs 15k f/c, U/r rises 0.2ppts to 3.7% vs 3.6% f/c

  • Weak data supports case that the RBA has likely finished tightening policy

  • Softer yuan and risk sentiment continues to plague the Aussie

  • Prior YTD low at 0.6459 now marks resistance

  • Oversold RSI and a close back above 0.64 would raise reversal risk

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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