U S Employment Report

AUD/USD is trading above the key 0.7200 area after stronger Australian growth data lifted expectations for a Reserve Bank of Australia rate increase this month. The pair’s next major test comes from the August U.S. employment report, which could reshape Federal Reserve expectations and determine whether the Aussie rally extends.

AUD/USD is trading above the key 0.7200 level after stronger Australian growth data boosted expectations for a Reserve Bank of Australia rate hike this month. The pair now faces a major test from the August U.S. employment report, which could reshape Federal Reserve rate expectations and near-term direction.

U.S. inflation matched market expectations in July, with headline CPI rising 3.4% year over year and core CPI cooling to 2.5%. Bitcoin briefly dipped after the release but stabilized near $64,000 as Treasury yields remained under pressure.