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Oct 02 - 07:55 AM

AUD/USD - Pivots 0.7150 Ahead Of U.S. Employment Report

By Rob Howard  —  Oct 02 - 06:25 AM
  • 0.7175 is high water-mark for AUD/USD since it fell to 0.7131 on Trump news

  • Trump and wife Melania test positive for coronavirus nL1N2GT08V

  • 0.7131 = two-day low (0.7101 = Wednesday low). AUD is liquid proxy for risk

  • 0.7209 was Thursday's one-week high, before 4% copper drop took edge off AUD

  • U.S. Sept jobs report due 1230GMT: NFP f/c 850k, jobless rate f/c 8.2%

  • To cut or not to cut? That is the question for RBA next week nL1N2GT098

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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