The Australian dollar continues its decline Wage and labor data may put pressure on the Australian dollar

Monday（8month14In the Asian stock market, it continued to decline and is currently trading at0.6473Nearby, as of Beijing time13:32AUD to USD quotation0.6473, decline0.32%On the previous trading day, AUD/The lowest price is0.6485The closing price is0.6496. Hedge funds have previously reached their highest level of bullish sentiment towards the Australian dollar this year. According to American productsfuturesTrading Committee（CFTC）Data as of8month8During the current week, the Australian dollar position of leveraged funds changed from a net short position in the previous week to a net long position17432A contract.

But thereafter, the Australian dollar continued its decline. StrategistKristina CliftonandCarolIt is indicated that the Australian Federal Reserve may be sensitive to the gap between wage and labor data and expectations, and is currently at or near the end of a tightening cycle. This week's data may put pressure on the Australian dollar against the US dollar. The Australian dollar continued to decline on Monday and fell within the day0.43%Latest report0.6467。

AUD/Technical Analysis of USD

AUD/The US dollar fell for the fifth consecutive day and fell to2022year11New low since the beginning of the month, Asian markets approached on Monday0.6400Left and right. The softer risk tone and moderate strength of the US dollar have put heavy pressure on the risk sensitive Australian dollar.