Australia’s labor market showed further signs of cooling in September as hiring momentum eased and the jobless rate climbed from 4.2% to 4.5%, the highest since November 2021. The unemployment rate figure exceeded expectations for 4.3%, driven by a 5.2% jump in the number of unemployed persons, equivalent to an increase of 33.9k people. Total…
A week with political paralysis in Washington ended with record highs on Wall Street — a telling sign of how investors are prioritizing Fed policy over fiscal drama. The U.S. government shutdown, now in effect after Congress failed to pass a funding bill, has frozen major data releases and paralyzed parts of the bureaucracy. Yet…
Currency markets closed last week with a shift in tone, as traders suddenly found themselves recalibrating on Fed’s easing path once again. The resilience of the US economy surprised many. Growth, hiring, and investment all showed more strength than anticipated, fueling doubts about whether policymakers truly need to accelerate the pace of cuts. The question…
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Australia CFTC AUD NC Net Positions: $-51.2K vs $-79.2K Source link
The Australian Dollar (AUD) is trading slightly lower against the US Dollar (USD) on Friday, with the AUD/USD pair at 0.6595. But with the flash S&P Global Purchasing Managers Index (PMI) figures for September due on Monday at 23:00 GMT, caution could be the order of the day for traders. These releases will shed new…
The Australian dollar has extended its gains on Monday. In the North American session, AUD/USD is trading at 0.6588, up 0.49% on the day. Earlier, the Australian dollar climbed to a daily high of 0.6598, its highest level since July 25. The US dollar ended the week broadly lower, as investors dumped the greenback after…
The Australian Dollar (AUD) starts the week on a positive note against the US Dollar (USD), with AUD/USD trading around 0.6590, up approximately 0.5% over the session, following upbeat Chinese trade data and a weakening of the Greenback due to softer employment indicators and rising expectations of a Federal Reserve (Fed) interest rate cut in…
Australian Dollar maintains its position despite GDP expanding 0.6% QoQ in Q2. China’s Caixin Services PMI rose to 53.0 in August, against the expected 52.5 reading. The CME FedWatch tool indicates that more than 91% of a 25-basis-point Fed rate cut is expected in September. The Australian Dollar (AUD) moves little against the US Dollar…
We are concluding a fairly muted trading week, with participants usually taking the final trading week of August to reload their batteries before entering the volatile final four months of the year. As a matter of fact, the session close will be essential to watch as month end flows tend to move markets quite largely….