AUD/USD Current Price: 0.6428 The US Dollar slides again as attention turns to NFP. The Australian Dollar benefits from risk appetite. Risks in the short term for AUD/USD are tilted to the upside. The technical outlook has improved, although some consolidation is expected ahead of the release of the US employment report on Friday. On Thursday, trade data from Australia revealed a 1.4% drop in exports in September, while imports rose by 7.5%.
8% decline in Unit Labor Costs during the third quarter could be seen as a positive development for the Federal Reserve . This decline would support expectations that the central bank has completed its rate hike cycle and may not need to raise rates further. However, it is worth noting that a strong job market could potentially keep the possibility of another rate hike on the table.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar Forecast: USD/JPY Slips but AUD/USD Breaks Out After Fed, NFP AheadThis article examines USD/JPY and AUD/USD from a fundamental and technical point of view, analyzing the key drivers that could guide the markets and that traders should focus on in the near term.
Source: DailyFX - 🏆 305. / 63 Read more »