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TDUX
Oct 15 - 04:55 AM
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AUD/USD - Drops To One-Week Low As Oz Employment Falls

By Robert Howard  —  Oct 15 - 02:59 AM

• AUD/USD falls to 0.6937 as AUD weakens on soft Australian jobs data

• 0.6937 is the lowest level since Oct 8 (0.6933 was low that day)

• Australian employment fell by 39,300 in Sept vs forecast 20k increase

• Unexpectedly negative number slashes chances of RBA hike in Nov/Dec

• 0.6979 was AUD/USD high in Asia (before the Australian jobs data)

• Bids likely near 0.6900 (0.6904 was 13-week low on Oct 1)

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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