USD Volatility After Jobs Surprise; AUD Recovers on RBA Tone

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Forex Market 

USD: Jobs Beat Triggers Whipsaw; BOJ Speculation Caps Gains
The USD rallied sharply following stronger-than-expected US employment data, driving AUD/USD lower, pressuring EUR/USD and GBP/USD, and pushing USD/JPY to fresh highs. However, speculation of a BOJ rate check triggered a swift reversal in USD/JPY, which in turn weighed on the broader USD into the New York session.
The Dollar Index traded within a wide range before finishing near flat on the day.
AUD/USD rebounded strongly from its post-data lows as the USD reversed course. The move was further supported by comments from RBA Deputy Governor Hauser, who reiterated that inflation remains “too high,” alongside renewed buying interest emerging near recent support levels. Offers are now seen layered above key resistance overhead.

 

General Market

Wall Street

  • Dow Jones -0.1% → 50,150
  • S&P 500 +0.2% → 6,954
  • Nasdaq +0.2% → 23,141
  • VIX -2.9% → 17.28

Asia-Pacific

  • ASX 200 +1.7% → 9,015
  • Nikkei +2.3% → 57,651
  • Shanghai Comp +0.1% → 4,132
  • Hang Seng +0.3%
  • Shenzhen -0.2%

Europe

  • FTSE 100 +1.1% → 10,472
  • DAX -0.5% → 24,856
  • CAC 40 -0.2% → 8,313
  • Euro Stoxx 50 -0.2%

Headlines to Watch

United States

  • Market repricing of 2026 Fed cuts following strong NFP
  • Jobless Claims for confirmation of labour resilience

Canada

  • BoC Senior Deputy Governor Carolyn Rogers speaking in Toronto

Europe

  • ECB speakers: Cipollone, Radev, Lane & Stournaras

Australia

  • RBA commentary remains focused on persistent inflation pressures
Currency Pair Mid-market Rate
AUD/USD 0.7125
AUD/NZD 1.1776
AUD/JPY 109.10
AUD/CNY 4.9256
AUD/EUR 0.6000
AUD/GBP 0.5229
AUD/HKD 5.5695

 

 

 

 

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