The Australian Dollar (AUD) begins Friday’s Asian session with minuscule gains of 0.02% against the US Dollar (USD), as the economy in the United States (US) remains resilient after the release of strong jobs reports and mixed housing data.
We have some key economic releases this week that will likely shape the market’s pricing for rate cuts for UK, Canada, and Australia. The market participants will also watch closely what Fed’s Waller has to say about the recent dramatic easing in financial conditions.