Forex: Australian Dollar Outlook Hinges on Jobs Data, FOMC Minutes | DailyFX: "Monetary policy expectations are in focus for the Australian Dollar. The aftermath of Friday’s disappointing US Non-Farm Payrolls release proved quite telling. The Aussie rose even as stocks fell and the Japanese Yen – a currency traditionally on the opposite end of the risk sentiment spectrum from Australian unit – launched a formidable recovery. The move tracked a jump in the Australia-US 10 year bond yield spread, reflecting erosion in Fed monetary policy expectations relative to those of the RBA."
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