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AUD/USD outlook hurt by strong US data, risk off sentiment - NFP Preview

From forex.com

The US dollar outlook improved further on the back of a much stronger ADP payrolls report and an above-forecast ISM services PMI reading, all adding to bets that the Fed will hike interest rates at least one more time. The resulting sell-off in risk assets means the AUD/USD outlook has been dealt a double or even triple whammy. Will we now see another strong US non-farm payrolls report and further dollar strength? It looks that way, as we will explain in this NFP preview article. Dollar and yields jump as stocks drop on Fed hike bets The US dollar, already finding some strength from the hawkish FOMC minutes, got ... (full story)

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