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Apr 05 - 07:55 AM

AUD/USD - Rises Towards 0.66 Before US Jobs Data

By Rob Howard  —  Apr 05 - 05:50 AM
  • AUD/USD has risen by 27 pips since its Asian session fall to 0.6562

  • Rise precedes US employment report at 1230 GMT; March NFP forecast at 200k

  • AUD/USD might revisit 0.6619 (Thursday's two-week high) if NFP below f/c

  • CFTC data on FX positioning for the week ended April 2 is due at 1930 GMT

  • Data will show if net AUD short position surpassed its recent all-time high

  • Australian goods trade surplus A$7.3 billion in February vs A$10.5 bln f/c

Source:
Refinitiv IFR Research/Market Commentary

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