AUD/USD drops to fresh two-month lows, below 0.6700 – by christianborjon AUDUSD Majors Macroeconomics Fed RBA
the US Federal Reserve might tighten even 100 bps in September’s monetary policy meeting. Nevertheless, with the CME FedWatch Tool, odds for a large increase lie at 20%, less than the 80% chance of a 75 bps rate hike.
At the same time, the US Labor Department showed that Initial Jobless Claims for the past week, ending on September 10, decelerated by 213K, lower than economists’ estimates of 227K, showing the labor market’s resilience.
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