The AUD/USD pair discovers the buyer’s interest near the round-level support of 0.6300. The Aussie asst rebounds as the US Dollar faces a sell-off ahe
AUD/USD finds support near 0.6300 amid correction in the US Dollar. Investors seem mixed about guidance from Fed Powell on interest rates. The Australian Dollar faced selling pressure as labor demand remained weak in September. ad of the speech from Federal Reserve Chair Jerome Powell. The US Dollar Index drops sharply to near 106.30.
7K individuals in September indicates that labor demand was weak. Economists forecasted fresh additions of 20K, which were significantly lower than the August reading of 63.3K. While the Unemployment Rate dropped to 3.6%, against the estimates and the former release of 3.7%. Going forward, the Australian Dollar will dance to the tunes of the interest rate decision by the People’s Bank of China , which will be announced on Friday.
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