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Aug 14 - 10:55 PM

AUD/USD - Rallies On Better Than Expected Australian Jobs Data

By Krishna K  —  Aug 14 - 10:05 PM
  • AUD/USD +0.1%, pares losses as Aus July employment rises 58k vs.20k expected

  • But unemployment rate +4.2% vs 4.1% expected, may temper AUD gains

  • Participation rate hits record peaks in a sign labour demand remains solid

  • Data in line with RBA's assessment, will strengthen its hawkish resolve

  • RBA rate expectations diverges most other major c.banks, will support Aus

  • Support 0.6570-75, 0.6550-55, resistance 0.6620, 0.6640-45

  • Asia range 0.6570-0.6612

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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