Strong Australian jobs data has elevated expectations for a rate hike, leading to increased pricing in the currency markets. However, ING's FX analyst Francesco Pesole warns that these expectations might be outpacing actual inflation trends, suggesting potential vulnerability for the AUD/USD pair. Currently, the Australian dollar remains resilient against other currencies, maintaining solid performance on the crosses.
As traders adjust to the new economic indicators, the AUD/USD exchange rate faces short-term risks despite its recent strength. The market's reaction to the jobs report has been positive, yet if inflation does not align with the heightened rate expectations, it could lead to a pullback in AUD value. Investors are advised to monitor inflation data closely to gauge the future trajectory of the Australian dollar against the USD and other major currencies.
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Data Source: FX Killer Analysis Team Updated: 2026-01-22 09:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.