AUD/USD Holds in the 0.7100 Neighborhood Near Multi-Week Highs

AUD/USD is trading in the 0.7100 neighborhood on Thursday, holding close to multi-week highs after a climb off its earlier lows. That is the FXStreet 17:01 UTC stamp. The pair is marginally weaker on the day as the US dollar regains a little ground. The broader uptrend, the same page writes, remains intact.

On that page’s 4-hour chart the pair trades at 0.7115.

NZD/USD is the other live Oceania tape.

This is the pair tape. It is not a recut of the July jobs miss.

RBA cash stays at 4.35% with a tightening bias still on the table

The same page says the most recent Australian employment report came in weak, pointing to a labour market that is cooling faster than expected. Inflation expectations have pushed higher. That mix, it writes, muddies the outlook rather than clarifying it.

The Reserve Bank of Australia held the cash rate at 4.35% at its August meeting and warned it could raise if upside inflation risks build. Softer jobs argue for patience. Sticky prices and rising expectations keep a tightening bias on the table. That lingering hawkish lean, FXStreet writes, is part of what has kept the Aussie supported near its highs.

The near-term focus on that page shifts to Friday’s US flash PMI figures. Live Aussie is on prices. Those prints sit on the economic calendar.

Informational only. Not trading advice, signals, or a guarantee of any market outcome.