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10 Apr 2023

USD bouncing back

• Solid US labour report. The March US labour market data showed that while momentum is slowing, conditions are still tight. US unemployment is 3.5%.• USD rebound. The US data bolstered expectations the Fed will hike rates again in May. This has boosted the USD. US CPI inflation released this week.• AUD lower. The shift in relative interest rate expectations in favour of the US has weighed on the AUD. Australian labour market data due on Thursday. The US economic data continued to roll in over the Easter Holidays. On Friday the important US labour market report was released. While...

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