Breaking News
Get 40% Off 0
🔎 See NVDA's full ProTips for an instant risks or rewards Claim 40% OFF

Australian dollar lands hard

au.investing.com/analysis/australian-dollar-lands-hard-200584467
Australian dollar lands hard
By David Llewellyn-Smith   |  Dec 06, 2023 11:51
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
DX
-0.20%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

DXY is back:

AUD puke:

The peg:

Oil is in trouble:

Dirt gave up:

Miners too:

EM dead:

Junk pause:

Bonds are hot, hot, hot:

Stocks are not, not, not:

More weak US data delivered the Treasury heat. Goldman:

Job openings decreased by 617k to 8,733k in October (vs. a downwardly revised 9,350k in September), below expectations for a more modest decline. We have previously noted that JOLTS’s low response rate has likely contributed to the series’ outsized month-to-month volatility and larger-than-usual revisions, but alternative measures of job openings corroborate the October decline and have fallen further since. After incorporating today’s JOLTS data, our jobs-workers gap based on the JOLTS, Indeed, and LinkUp measures of job openings stands at roughly 2mn workers—in line with the level we estimate is necessary to rebalance the labor market and return inflation to 2% on a sustainable basis. The job openings rate decreased by three tenths to 5.3% and the hiring rate decreased by one tenth to 3.7%. The quits rate was unchanged at 2.3% and the layoff rate was unchanged at 1.0%.

I guess the falls in DXY are paused as the market digests how hard the US landing will be.

I think it will be harder than the market has priced, so I see AUD as bottomed out.

How hard the US lands will determine how fast AUD rises.

Australian dollar lands hard
 

Related Articles

Chris Becker
20.02.24 Macro Afternoon By Chris Becker - Feb 20, 2024

Asian share markets are in caution mode as they await the reopening of Wall Street tonight with mild losses across the region. The USD is slowly fighting back against some of the...

Australian dollar lands hard

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email