- AUD/USD continues to tumble for the second day in the week, currently trading at 0.6606.
- US debt ceiling discussions, strong labor market data, and Fed speakers boost USD strength.
- Australia’s jobs report shows the economy lost 27,100 jobs, pushing the unemployment rate from 3.5% to 3.7% in April.
AUD/USD tumbles for the second day in the week after Wednesday’s pause formed a doji, but a break of an upslope support trendline, opened the door for further losses. Reasons like a positive sentiment due to debt ceiling negotiations, solid economic data from the United States (US ), and Fed speakers were the main drivers of the US Dollar (USD) appreciation against the Australian Dollar (AUD). At the time of writing, the AUD/USD Is trading at 0.6606.
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