next week’s Federal Open Market Committee monetary policy meeting. It should be noted that the upbeat Aussie data and improvement in the market sentiment favored the risk-barometer pair even as the latest moves seem to portray traders’ cautious mood amid a light calendar at home.
That said, comments from Saudi National Bank's Chairman, Ammar Al Khudairy, conveying the “sound” conditions of Credit Suisse join the major US banks’ efforts to help California-based First Republic Bank to avoid a liquidity crunch to favor the risk-on mood.
At home, Australia’s headline Employment Change jumps by 64.6K versus 48.5K expected and 11.5K prior while the Unemployment Rate also dropped to 3.5% from 3.7% previous readings and 3.6% expected. Furthermore, Australia’seased to 5.0% for March versus 5.4% market forecasts and 5.1% prior.
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Source: FXStreetNews - 🏆 14. / 72 Read more »