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via fxstreet.comMarkets

AUD/USD breaks below 0.6950 as Nasdaq selloff threatens 0.6900 support

FROM THE WIRE · FXSTREET.COM

The Australian Dollar collapsed over 1% on Thursday as risk appetite soured and US tech stocks sold off, while strong US jobs data boosted the US Dollar ahead of Friday’s crucial Nonfarm Payrolls report. The AUD/USD trades at 0.6931, after peaking at 0.7024.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe Aussie weakens on risk aversion and strong US jobs data ahead of the Nonfarm Payrolls report.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The AUD fell over 1% on Thursday as US tech stocks sold off.
  2. 02Strong US jobs data boosted the US dollar.
  3. 03AUD/USD trades at 0.6931 after peaking at 0.7024.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Australian Dollar/US Dollar FX Spot RateAUDUSDFX pair0.6928-0.06%today -1.13%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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