AUD/USD falls amid highs US yields, Fed’s tough stance

Australian Dollar trades at 0.6678, down 0.23%, influenced by higher US yields. Jobless claims rise, housing data fluctuates, and industrial production stalls. Fed officials suggest higher rates may persist as Australian jobs report shows mixed results with unemployment revised to 4.1%. Wall Street hit new all-time highs but retreated afterward, ending the session with losses. As Friday’s Asian session begins, the AUD/USD trades at 0.6678, virtually unchanged.

6K, offsetting the losses of full-time employment of -6.1 K. ANZ analysts said, “The weakness in hours worked and the moderation in yearly wage growth reported in the Wage Price Index together confirm a picture of a softening labour market. There is no change to our RBA view off the back of these data.” Ahead of the week, the Australian docket is empty, while the US one will feature further Fed speaking, led by Governor Christopher Waller.

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