Aussie jobs preview – what to expect in AUD/USD?

By FXStreet It has been quite a day for AUD/USD with some two way business leading into the FOMC showdown where the Aussie rallied as the greenback fell off a cliff. We now move into the jobs data that has been keenly awaited ever since the previous Jan shocker and surprise set back in the Australian economy, that has now otherwise been accepted by markets due to previous strength and time of year.

Fed keeps rates unchanged as expected, lowers rate hike expectations

AUD/USD ahead of the curve?

AUD/USD has been supported on commodity price recovery attempts, but the price towards 0.7600 was questionable and toppy as perhaps ahead of the curve in respect of the global economy and the unfortunate longevity in a continued glut in oil and stagnated demand for commodities in general.

Jobs is a massive component for the RBA’s policy setting

The RBA has been more cautious in its outlook for the global economy this year and is concerned for the impact on domestic growth while inflation only being within the lower end of its preferred target bracket of between 2-3%. The jobs sector is a very large component of the bullish side of the economy and the Central …read more

Source:: FX Street