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The post AUD rallies as strong jobs data eases RBA cut expectations – ING appeared on BitcoinEthereumNews.com. Australia’s labor market surprised to the upside in October. The data eases pressure on the Reserve Bank of Australia to deliver near-term rate cuts, lifting the Australian Dollar (USD), which strategists see climbing toward 0.68 by mid-2026, ING’s FX analyst Francesco Pesole notes. RBA to pause for longer after robust labor report “Australian jobs data for October came in strong overnight. The unemployment rate dropped back to 4.3%, suggesting the 4.5% September jump was a blip. The economy added jobs at the fastest pace (42k) since April, entirely driven by full-time hiring.” “AUD is rallying as the prospect of more RBA easing continues to be delayed: we expect only one more cut in 2026. The Aussie dollar remains our favorite G10 currency into the new year, and we target a move to 0.68 by mid-2026.” Source: https://www.fxstreet.com/news/aud-rallies-as-strong-jobs-data-eases-rba-cut-expectations-ing-202511131009The post AUD rallies as strong jobs data eases RBA cut expectations – ING appeared on BitcoinEthereumNews.com. Australia’s labor market surprised to the upside in October. The data eases pressure on the Reserve Bank of Australia to deliver near-term rate cuts, lifting the Australian Dollar (USD), which strategists see climbing toward 0.68 by mid-2026, ING’s FX analyst Francesco Pesole notes. RBA to pause for longer after robust labor report “Australian jobs data for October came in strong overnight. The unemployment rate dropped back to 4.3%, suggesting the 4.5% September jump was a blip. The economy added jobs at the fastest pace (42k) since April, entirely driven by full-time hiring.” “AUD is rallying as the prospect of more RBA easing continues to be delayed: we expect only one more cut in 2026. The Aussie dollar remains our favorite G10 currency into the new year, and we target a move to 0.68 by mid-2026.” Source: https://www.fxstreet.com/news/aud-rallies-as-strong-jobs-data-eases-rba-cut-expectations-ing-202511131009

AUD rallies as strong jobs data eases RBA cut expectations – ING

Author: BitcoinEthereumNews
Source: BitcoinEthereumNews
2025/11/13 20:06
1 min read
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Australia’s labor market surprised to the upside in October. The data eases pressure on the Reserve Bank of Australia to deliver near-term rate cuts, lifting the Australian Dollar (USD), which strategists see climbing toward 0.68 by mid-2026, ING’s FX analyst Francesco Pesole notes.

RBA to pause for longer after robust labor report

“Australian jobs data for October came in strong overnight. The unemployment rate dropped back to 4.3%, suggesting the 4.5% September jump was a blip. The economy added jobs at the fastest pace (42k) since April, entirely driven by full-time hiring.”

“AUD is rallying as the prospect of more RBA easing continues to be delayed: we expect only one more cut in 2026. The Aussie dollar remains our favorite G10 currency into the new year, and we target a move to 0.68 by mid-2026.”

Source: https://www.fxstreet.com/news/aud-rallies-as-strong-jobs-data-eases-rba-cut-expectations-ing-202511131009

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The post NZD/USD is likely to trade with a downward bias – UOB Group appeared on BitcoinEthereumNews.com. New Zealand Dollar (NZD) is likely to consolidate in a range of 0.5870/0.5920. In the longer run, slight increase in downward momentum suggests NZD is likely to trade with a downward bias, potentially testing 0.5850, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Slight increase in downward momentum 24-HOUR VIEW: “In the early Asian session yesterday, when NZD was at 0.5935, we highlighted the following: ‘While NZD subsequently rose and reached a high of 0.6007, it dropped sharply from the high and continued to decline in the early Asian session today. The decline could test the support at 0.5910 before stabilising. The major support at 0.5880 is unlikely to come into view.’ We did not anticipate the rapid downward acceleration, as NZD plummeted to a low of 0.5873. The sharp drop appears excessive, but it is too soon to expect a recovery. Today, we expect NZD to consolidate, most likely in a range of 0.5870/0.5920.” 1-3 WEEKS VIEW: “After holding a positive NZD outlook for more than a week, we stated yesterday (18 Sep, spot at 0.5935) that ‘the outlook for NZD is no longer positive, but neutral.’ We also indicated that ‘for the time being, we expect NZD to trade in a range between 0.5880 and 0.5980.’ We did not expect the subsequent sharp drop in NZD which dropped below 0.5880 (low was 0.5873). Downward momentum is increasing, but not significantly. From here, NZD is likely to trade with a downward bias, potentially testing the 0.5850 level. On the upside, if NZD breaks above 0.5945, it would indicate that the current downward pressure has eased.” Source: https://www.fxstreet.com/news/nzd-usd-is-likely-to-trade-with-a-downward-bias-uob-group-202509191132
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