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AUD/USD Pauses Within Friday’s Range Ahead of RBA’s September Rate Decision

From fxdailyreport.com

On Monday in Asia, the AUD/USD currency pair recovered from its earlier losses and is trading at approximately 0.6460. A mixed bag of US employment data released on Friday bolsters the pair. The moderate data suggest that the Federal Reserve will not change interest rates in September. {chart} The market was expecting 170k in August, while the actual number of people hired in the United States was 187k. There were 157K recorded in July. Earnings per Hour Average (Aug) decreased by 4.3%, below expectations of 4.4% growth. Gains in the AUD/USD pair are limited by the fact that investors are still anticipating a rate ... (full story)

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  • Category: Technical Analysis