Strong US Job Numbers Support More Interest Rate Hikes

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OVERVIEW

  • The DXY Index is set to close near a six-week high as US unemployment drops to a 48-year low of less than 4%. 
  • Increasing trade tensions between China and the US are exerting more pressure on the Australian Dollar. 
  • The AUD is down 9.3% since the beginning of the year.
  • WTI slid lower for the second consecutive session, down 21 cents to $74.15 a barrel

HIGHLIGHT