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For Traders from Club iNSIDER: AUDUSD – Weekly Trend Breakout

Post Views: 321 The Australian dollar is rising for a fourth consecutive day after strong employment data increased the probability of an RBA rate hike in February to 60%, triggering a wave of buying from local exporters—driven by leverage-related activity and demand from domestic companies hedging U.S. dollar exposure. Money markets are now pricing in almost a 60% chance of a rate hike in February, up from less than one-third before the jobs report, while the probability of two hikes this year is above 90%. The Australian dollar reached its highest level in 16 months after a blockbuster employment report beat market expectations, prompting traders to aggressively increase bets on an interest-rate hike next month. The unemployment rate fell to…

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 Head of Trading Dimitar Kalapov

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