{"id":107901,"date":"2021-01-20T17:33:38","date_gmt":"2021-01-20T17:33:38","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107901"},"modified":"2021-01-20T17:33:38","modified_gmt":"2021-01-20T17:33:38","slug":"105270-aud-usd-bulls-look-to-retake-0-7800","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105270-aud-usd-bulls-look-to-retake-0-7800\/","title":{"rendered":"AUD\/USD bulls look to retake 0.7800"},"content":{"rendered":"<ul>\n<li><strong>AUD\/USD extends its recovery from Tuesday\u2019s US session low0.7680s.<\/strong><\/li>\n<li><strong>Markets remain upbeat for a second day, supporting AUD.<\/strong><\/li>\n<li><strong>The December Aussie jobs report is out at 00:30GMT .<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">AUD\/USD extends its recovery Tuesday\u2019s US session low of 0.7680s. Aussie bulls eye the psychological level multi year high of 0.7800 level. However a move here would likely require an extension of US dollar losses, which seems unlikely on Wednesday given the Dollar Index\u2019s strong recovery.<\/span><\/p>\n<p><strong>Risk appetite on the front foot<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Markets remain upbeat\u00a0 for a second day; US equity markets opened in the green, European stocks trade higher. FX markets are more mixed European FX are seen underperforming (perhaps covid related), but risk-sensitive currencies such as AUD, NZD and CAD are all trading well versus the US dollar.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">US Treasury Secretary nominee Janet Yellen urged Congress to act big with regards to fiscal stimulus and to worry about the debt later, which boosted risk appetite. Markets appear to like her stance of pandemic relief first and tax increases (primarily on the wealthy and corporations) later.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is relevant to the AUD because more US government spending boosts US economic growth and inflation expectations. This lifts commodity prices, which in turn drives currencies of commodity export-dependent countries such as Australia\u2019s AUD.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Australian official jobs number for December, the are due at 00:30GMT on Thursday. Expectations are for 50K jobs to have been added and for unemployment to drop slightly to 6.7%.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AUD\/USD extends its recovery from Tuesday\u2019s US session low0.7680s. Markets remain upbeat for a second day, supporting AUD. The December Aussie jobs report is out at 00:30GMT . AUD\/USD extends its recovery Tuesday\u2019s US session low of 0.7680s. Aussie bulls eye the psychological level multi year high of 0.7800 level. However a move here would [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3089,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,2415,1398],"class_list":["post-107901","post","type-post","status-publish","format-standard","has-post-thumbnail","category-aud","category-usd","tag-aud","tag-aud-usd","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD\/USD bulls look to retake 0.7800 - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/105270-aud-usd-bulls-look-to-retake-0-7800\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105270-aud-usd-bulls-look-to-retake-0-7800\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105270-aud-usd-bulls-look-to-retake-0-7800\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"AUD\\\/USD bulls look to retake 0.7800\",\"datePublished\":\"2021-01-20T17:33:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105270-aud-usd-bulls-look-to-retake-0-7800\\\/\"},\"wordCount\":252,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105270-aud-usd-bulls-look-to-retake-0-7800\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100028-aud-up-gbp-china-silk-road.jpg\",\"keywords\":[\"aud\",\"aud\\\/usd\",\"usd\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105270-aud-usd-bulls-look-to-retake-0-7800\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105270-aud-usd-bulls-look-to-retake-0-7800\\\/\",\"name\":\"AUD\\\/USD bulls look to retake 0.7800 - 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