- AUD/USD trades sideways sub0.7800 on Friday.
- US Dollar Index steadies below 90.00.
- US Nonfarm Payrolls expected to increase 71K in December.
After snapping a two-day winning streak and closing in the red on Thursday, the AUD/USD is struggling to find direction on Friday ahead of key US data.
DXY goes into consolidation below 90.00
After a steep selloff in the first part of the week, the US Dollar Index (DXY) surged in the latter part boosted by surging US Treasury bond yields. DXY pushed over 90.00 for the first time in a week on Friday but failed to hold the level with attention turning to US Nonfarm Payrolls (NFP) report.
Growing expectations for additional government stimulus as after the Democrats won a majority in the Senate lifted the 10-year T-bond over 10% in two days.
at the NFP is expected to be 71K in December down from 245K in November with the Unemployment Rate ticking higher to 6.8%. A better than forecast NFP report could lift market sentiment.
Currencylive.com is a news site only and not a currency trading platform. Currencylive.com is a site operated by Wise US Inc ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of Wise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.
