The Australian economy added 47,500 jobs in August, beating estimates of 26,400. The RBA has remained cautious as other major central banks lower borrowing costs. The US central bank lowered borrowing costs by a significant 50-bps, putting pressure on the greenback. The AUD/USD forecast shows a steep climb in the pair after better-than-expected Australian employment…
The post AUD/USD Forecast: AUD Rallies on Surprising Employment Gains appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- USD/JPY Outlook: Dollar Extends Gains After Upbeat CPI - October 14, 2024
- GBP/USD Forecast: US Inflation Data Triggers Indecision - October 14, 2024
- AUD/USD Weekly Forecast: US Data Dims Fed’s Move in Nov - October 12, 2024
