[MARKET UPDATE] AUD/USD (+0.5%) extends on gains after reclaiming the 0.71 handle for the first time in 3 years, while the tailwinds also follow comments from RBA's Hauser that inflation is too high, which they can't let persist and will do what is needed

The AUD/USD is rallying after reclaiming the 0.71 handle, reflecting positive sentiment driven by RBA's Hauser’s comments on inflation control.

Newsquawk StaffPublished On the live feed at 1 more headline followed before this page went public
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Australia charges two Chinese nationals with foreign interference

[MARKET ANALYSIS] T-note futures take a breather after climbing on soft data, while upside is capped overnight amid the closure of cash treasuries trade and ahead of NFP

[MARKET UPDATE] AUD/USD (+0.5%) extends on gains after reclaiming the 0.71 handle for the first time in 3 years, while the tailwinds also follow comments from RBA's Hauser that inflation is too high, which they can't let persist and will do what is needed

[MARKET ANALYSIS] Oil futures rebounded and gold is also positive but with upside capped ahead of key US jobs data

Taiwan's President Lai says Indo-Pacific nations are raising defense budgets and Taiwan must do the same, while he thanks US for its support of Taiwan's defence

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Context

This suggests a hawkish shift from the RBA, indicating readiness to tackle persistent inflation, which could lead to a tighter policy stance and impact the broader currency landscape significantly.

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