{
  "id": 2092360,
  "title": "Australian Dollar holds early losses driven by weak job data",
  "url": "https://urgent.news/2026/08/20/australian-dollar-holds-early-losses-driven-by-weak-job-data",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T07:04:15.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-holds-early-losses-driven-by-weak-job-data-202608200704"
  },
  "original_language": "en",
  "account": "The Australian Dollar (AUD) experienced early losses on Thursday due to weak job data. As of the current time, the AUD was trading at 0.7110 against the US Dollar (USD), marking a decline of 0.17%. The Australian Dollar was the weakest among major currencies, particularly against the New Zealand Dollar. This performance in the Asian session followed the release of July employment data, which revealed that employers had laid off 15.8K workers. Financial markets had expected 15K fresh jobs to be created, which was lower compared to the 80.2K jobs added in June. Additionally, Australia's Unemployment Rate increased to 4.5%, higher than the anticipated 4.4%. The negative employment data is expected to reduce the likelihood of the Reserve Bank of Australia (RBA) raising interest rates. Earlier, RBA Deputy Governor Andrew Hauser had expressed concerns about upside inflation risks, suggesting that the central bank may need to raise interest rates to curb price pressures. Meanwhile, the US Treasury Department announced plans to accelerate its long-dated bond-buying operations, potentially covering securities with maturities from 10 to 30 years. This move aimed to address concerns over market liquidity and stability. The announcement led to a risk-on sentiment in the market, with US Treasury futures up 0.15% to around 7,720. The AUD/USD pair showed bullish momentum, trading above the 20-day Exponential Moving Average (EMA) at 0.7056 and holding strong support. The Relative Strength Index (RSI) for AUD/USD was at 63.6, indicating a bullish stance without being overbought. Initial support for the AUD/USD pair was located at the 20-day EMA at 0.7056. If the pair dips further, traders might assess this level to determine the best course of action. As long as AUD/USD remains above this support during daily closes, there is potential for the pair to rise further, with technical readings suggesting that any correction would likely be shallow before the uptrend resumes.",
  "summary": "The Australian Dollar (AUD) remains under pressure against its major currency peers during the early European trading session on Thursday. As of writing, the antipodean is down 0.17% to near 0.7110 against the US Dollar (USD).",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}