AUD/USD stumbles below 0.6500 amidst a soft US dollar – by christianborjon AUDUSD Majors Currencies Macroeconomics Fed
Mixed US economic data, a headwind for the Aussie, which tumbled despite broad US dollar weakness.Australia’s inflation eased ahead of the RBA’s October meeting.
At the time of writing, the AUD/USD is trading at 0.6474, after hitting a daily high of 0.6524, below its opening price, by a solid 0.74%. Contrarily, US Initial Jobless Claims for the past week, ending on September 24, decelerated at a 193K pace to a five-month low, crushing estimates of 215K. Worth noting that a smoother reading for claims, namely the four-week moving average, dropped for the fifth consecutive week to 207K.
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