It was a rather uneventful week for the Australian dollar, which ended the week almost unchanged. AUD/USD closed the week at 0.7673. The upcoming week has eight events, highlighted by Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD.
In Australia, Retail Sales beat the estimate, while the RBA maintained interest rates at 2.25%, as expected. In the US, employment numbers were very positive last week. JOLTS Job Openings improved and the 4-week jobless claims was the lowest since 2000.
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