Saturday, July 12, 2025
  • Login
Bullnews - Your Daily Source for Financial Insights, Stock Market Trends & Investment News
Advertisement
  • Home
  • USA
  • World
  • Investing
  • Alternative Investing
  • Personal Finance
  • Opinion
  • Retirement
  • ETFs
  • FX
  • Crypto
No Result
View All Result
  • Home
  • USA
  • World
  • Investing
  • Alternative Investing
  • Personal Finance
  • Opinion
  • Retirement
  • ETFs
  • FX
  • Crypto
Bullnews - Your Daily Source for Financial Insights, Stock Market Trends & Investment News
No Result
View All Result
Home FX

AUD/USD Hovers Around 0.6425, Slightly Above Multi-Month Low as US NFP Looms

by bullnews
December 6, 2024
in FX
Reading Time: 2 mins read
0 0
0
AUD/USD Hovers Around 0.6425, Slightly Above Multi-Month Low as US NFP Looms
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter


During the first half of the European session on Friday, the AUD/USD pair finds itself under pressure and slides to around the 0.6425 mark, registering a decline of roughly 0.40% for the day.

The pair hovers near its lowest point since August, reached earlier on Wednesday. While vulnerable, traders holding bearish positions seem to remain cautious, waiting for more definitive signals regarding the Federal Reserve’s plan for rate adjustments before making new moves. Consequently, the spotlight is on the upcoming US Nonfarm Payrolls (NFP) report. This pivotal employment data will likely influence the Fed’s decisions in its December meeting, affecting demand for the US Dollar which could, in turn, sway the trajectory of the AUD/USD pair.

In the lead-up to this crucial data release, expectations for a less dovish stance from the Fed, combined with a slight dip in global risk appetite, have slowed the recent dip in the USD to its lowest in three weeks. This situation poses a challenge for the Australian Dollar, often perceived as risk-sensitive. Moreover, the rise in expectations for an early rate cut by the Reserve Bank of Australia (RBA), fueled by the recent release of lackluster domestic GDP figures, continues to weigh heavily on the AUD/USD.

Adding to the pressure, ongoing geopolitical tensions, economic challenges in China, and apprehensions regarding lingering trade tariffs from US President-elect Donald Trump further contribute to a downward trend for the Aussie. Any attempts at recovery might be short-lived, seen more as selling opportunities, and could be swiftly reversed. All indications suggest that the AUD/USD is headed for weekly losses, potentially closing at its lowest level of 2024.

The economic spotlight of the moment is on Nonfarm Payrolls. This indicator, released by the US Bureau of Labor Statistics, shows the number of new jobs created across various industries in the US, excluding agriculture. Known for its volatility, this monthly figure is closely watched as significant revisions can rock the Forex market. High job growth figures typically boost the US Dollar, whereas lower results tend to weaken it. However, the reaction depends greatly on how the market interprets the complete set of data, including revisions from previous months and the overall unemployment rate.

Tags: AUDUSDHoversLoomsMultiMonthNFPSlightly
Previous Post

Bitcoin Surges Past $100k, Fueled by Institutional Interest

Next Post

Can XRP (Ripple) Turn You Into a Millionaire?

Similar Stories

WTI Holds Steady Above  Amid EIA’s US Output Forecast Cuts and Ongoing Geopolitical Risks

WTI Holds Steady Above $67 Amid EIA’s US Output Forecast Cuts and Ongoing Geopolitical Risks

July 11, 2025
Chart Analysis: Is GBP/CHF Poised for a Bullish Reversal?

Chart Analysis: Is GBP/CHF Poised for a Bullish Reversal?

July 10, 2025

USD/CAD Shows Positive Trend Below 1.3700; Awaits FOMC Minutes for New Cues

July 9, 2025

Hodrick-Prescott Channel Indicator for MT4

July 8, 2025

5 Timeless Tips for Forex Trading Beginners

July 7, 2025

Newsquawk Preview: Upcoming Highlights – Trade Deadlines, FOMC Minutes, RBA, RBNZ, and Canadian Jobs Report

July 6, 2025
Next Post
Can XRP (Ripple) Turn You Into a Millionaire?

Can XRP (Ripple) Turn You Into a Millionaire?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

November 22, 2024
The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

November 22, 2024
How Are U.S. Tariffs Impacting Your Business? Share Your Experience with Us.

How Are U.S. Tariffs Impacting Your Business? Share Your Experience with Us.

May 7, 2025
8 Updates to CPF in 2025

8 Updates to CPF in 2025

December 15, 2024
Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

Trump’s Bold and Impactful Cabinet Selections Are Just What America Needs – News-Herald

0
Don’t Let Political Turmoil Distract from the Climate Crisis

Don’t Let Political Turmoil Distract from the Climate Crisis

0
Democrats Challenge Trump Policies with Resistance Tactics

Democrats Challenge Trump Policies with Resistance Tactics

0
The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

The Guardian’s Perspective: Global Justice at a Turning Point – The Imperative of Accountability for War Crimes | Editorial

0
WTI Holds Steady Above  Amid EIA’s US Output Forecast Cuts and Ongoing Geopolitical Risks

WTI Holds Steady Above $67 Amid EIA’s US Output Forecast Cuts and Ongoing Geopolitical Risks

July 11, 2025
Needham Predicts Netflix Could Surge Another 20%

Needham Predicts Netflix Could Surge Another 20%

July 11, 2025
Pros and Cons of Investment Research and Due Diligence in Portfolio Management: Key Takeaways for Effective Control – SubraMoney Planning

Pros and Cons of Investment Research and Due Diligence in Portfolio Management: Key Takeaways for Effective Control – SubraMoney Planning

July 11, 2025
US Judge Halts Trump Order Restricting Birthright Citizenship Amid New Legal Challenge

US Judge Halts Trump Order Restricting Birthright Citizenship Amid New Legal Challenge

July 10, 2025
Bullnews - Your Daily Source for Financial Insights, Stock Market Trends & Investment News

Bullnews - Your Daily Source for Financial Insights, Stock Market Trends, Investment News, Cryptocurrancy News and More!

Categories

  • Alternative Investing
  • Crypto
  • ETFs
  • FX
  • Investing
  • Opinion
  • Personal Finance
  • Retirement
  • US News
  • World News

Site Map

  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Recent News

  • WTI Holds Steady Above $67 Amid EIA’s US Output Forecast Cuts and Ongoing Geopolitical Risks
  • Needham Predicts Netflix Could Surge Another 20%
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2025 Bull News - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • USA
  • World
  • Investing
  • Alternative Investing
  • Personal Finance
  • Opinion
  • Retirement
  • ETFs
  • FX
  • Crypto

Copyright © 2025 Bull News - All Rights Reserved.