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Australian Dollar Outlook: AUD/USD May Break Support on Jobs Report – DailyFX

AUD/USD moves into focus as the Australian employment report is on tap to steer market sentiment into the Asia-Pacific trading session. Meanwhile, Covid-19 cases…

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Australian Dollar, AUD/USD, Jobs Report Talking Points

  • Risk aversion rises as Covid-19 forces NYC schools to close down
  • Australian Dollar gives weak reaction to positive jobs report
  • AUD/USD remains under 0.73 handle as Covid drags on sentiment

On Wall Street, Covid-related economic fears pushed stocks lower into the closing bell. The S&P 500 index fell 1.16% while the tech-heavy Nasdaq 100 index dropped 0.69%. U.S. equities accelerated to the downside after New York City announced that it will close…

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