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