
Australian Dollar Outlook: AUD/USD Retraces Ahead of Jobs, Trump–Xi Summit
AUD/USD outlook ahead of Australian employment, RBA speakers and the Trump–Xi summit as the Aussie extends its two-week retracement.
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AUD/USD outlook ahead of Australian employment, RBA speakers and the Trump–Xi summit as the Aussie extends its two-week retracement.

Aussie has reversed sharply from the September highs, with weakening momentum raising the stakes at support ahead of tomorrow’s Fed decision.

AUD/USD momentum fades as Fed hike expectations return, while RBA officials keep September tightening risks firmly in focus.

AUD/USD slides as surging oil, rising Treasury yields and hot US PPI revive Fed hike bets ahead of CPI.

AUD/USD is trading at its highest since early May, with the yen’s continued rally helping soften the dollar and amplify the Aussie’s upside response.

AUD/USD holds above 72c as traders weigh rising Fed hike bets, US CPI, Treasury yields and a potential test of its year-to-date high.

RBA hike pricing has surged as inflation, spending and GDP all beat expectations, adding to tailwinds for the AUD from stronger metals prices.

Australian GDP growth was modest in Q2, leaving RBA hike bets intact as AUD/USD traders turn to ISM and NFP for the next catalyst.

Historically, September has been the second-strongest month for EUR/USD performance, with the world’s most widely-traded currency pair sporting an average return of +0.6% over the last 50+ years - see what other seasonal trends could impact the FX market this month!

AUD/USD reversed sharply off key resistance last week, with bulls now attempting to stabilize the multi-month advance ahead of key U.S. jobs data.

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities, and equity indices charts this week.

AUD/USD faces competing RBA and Fed hike bets this week, with Australian GDP and US payrolls set to test the eight-week rally.

Aussie has advanced in eight of the past nine weeks, but the next technical hurdle could determine whether bulls can sustain the broader advance.
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