US job vacancies dropped, and private firms employed fewer people in May. The US services sector remained robust despite high borrowing costs. The nonfarm payrolls showed stronger-than-expected performance in the labor market. The AUD/USD weekly forecast is bearish as an upbeat US employment report raises uncertainty about the outlook for Fed rate cuts. Ups and...
The post AUD/USD Weekly Forecast: Bears Takeover, Focus on US CPI appeared first on Forex Crunch.
https://www.forexcrunch.com/blog/2024/06/09/aud-usd-weekly-forecast-bears-takeover-focus-on-us-cpi/?utm_source=dlvr.it&utm_medium=blogger
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