AUD/USD faces resistance despite strong jobs report – BBH

By: bitcoin ethereum news|2025/05/15 19:15:05
0
Share
copy
AUD/USD is struggling to sustain a break above its 200-day moving average at 0.6455. Australia’s labor market remains strong and bodes well for AUD, BBH’s FX analysts report. RBA seen easing cautiously as employment surges in April “Employment overshot consensus rising 89k in April (consensus: 22.5k) vs. 36.4k in March. Full-time jobs increased 59.5k vs. 12.2k in March, and part-time jobs rose 29.5k vs. 24.2k in March. The unemployment rate was unchanged at 4.1% and the labor force participation rate increased to 67.1% vs. 66.8% in March, just shy of the 67.2% record high.” “RBA cash rate futures continue to fully price-in a 25bps cut to 3.85% at next week’s policy meeting as inflation pressures have eased. However, the solid jobs market means the RBA will keep rates restrictive or above neutral for longer. Based on the average of the RBA’s seven models, the nominal neutral rate is between 2.75% and 3.00%.” “Cash rate futures imply 75bps of total easing over the next 12 months (down from 100bps before the jobs data) and the policy rate to bottom at 3.25%.” Source: https://www.fxstreet.com/news/aud-usd-faces-resistance-despite-strong-jobs-report-bbh-202505150943

You may also like

2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?

The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.

BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?

This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.

50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?

Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.

The Cryptographic Past of the Middle East

Reality is often more exciting than fiction.

Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?

Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech

AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Popular coins

Latest Crypto News

Read more