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Jul 14 - 01:55 AM

AUD/USD - Bid, Jobs Surge Spurs Talk Of Big RBA Rate Hike

By Krishna K  —  Jul 14 - 12:10 AM
  • AUD/USD up 0.3% as Australia unemployment dives to 48-year low on jobs boom

  • Jobless rate slides to 3.5% from 3.9%, vs.3.8% fcst; lowest since Aug 1974

  • Stellar data lifts AUD after early dip to 0.6730 on jumbo Fed rate hike bets

  • Markets fully price in 50 bps Aug rate hike, expectations of 75 bps increase

  • Rally potential limited on bets of a 100 bps Fed July rate hikenL1N2YU18B

  • Risk aversion, sliding commodities and metals to limit AUD recovery attempts

  • Asia range 0.6730-0.6785; support 0.6750, 0.6725-30, res 0.6800-05,0.6825-30

  • Related nL1N2YV02L

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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