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Aug 05 - 07:55 AM

AUD/USD - Eases To Intra-Day Low Pre-U.S. Employment Report

By Rob Howard  —  Aug 05 - 05:55 AM
  • AUD/USD falls to 0.6946 (intra-day low) before U.S. jobs report at 1230 GMT

  • July NFP f/c 250k, jobless rate f/c 3.6%. 0.6946 was also NY low Thursday

  • There is a large 0.6950 option expiry for the 10am ET NY cut nL1N2ZH0CF

  • AUD/USD notched intra-day high just shy of 0.6975 late Asia/early Europe

  • Intra-day peak was scaled following iron ore price gains nL1N2ZH0E9

  • RBA warns Australian economy to slow sharply as inflation soars nS9N2Y1011

Source:
Refinitiv IFR Research/Market Commentary

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