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AUD/USD and NZD/USD Fundamental Analysis: Aussie Makes a Move
It is another quiet morning for the AUD/USD and the NZD/USD. There are no economic indicators for investors to consider, with the Australian and New Zealand markets closed for Easter Monday. The lack of stats and light trading volumes will likely leave the pairs to respond further to the US Jobs Report from Friday and jump in bets of a 25-basis point Fed interest rate hike in May. According to the FedWatch Tool, the probability of a 25-basis point interest rate hike sits at 66.0%, up from 48.4% one week earlier. With no US economic indicators to influence later today, Fed chatter would move the dial. On the ... (full story)