U S Employment Report

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.