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Oct 18 - 06:55 AM

AUD/USD - Rises On China GDP Beat Before Australian Jobs Data

By Rob Howard  —  Oct 18 - 05:05 AM
  • AUD/USD climbs to 0.6393 after China Q3 GDP growth beat; 4.9% YY vs 4.4% f/c

  • 0.6393 is high since Oct 12 (China is major buyer of Australian commodities)

  • Aussie jobs data due at 0030 GMT: employment f/c 20k; jobless rate f/c 3.7%

  • Employment data beat might lift AUD/USD further towards 0.6426 (55DMA)

  • RBA chief sees inflation risks. Chevron Australia LNG unions agree deal

  • Glencore to shut Australia's Mount Isa copper mines in H2 2025 nL4N3BN4VT

Source:
Refinitiv IFR Research/Market Commentary

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