2225 GMT - AUD/USD spiked back above 0.6250 on news that U.S. CPI data was weaker than expected by economists, but it could again be vulnerable in Asia trading, says Joe Capurso, economist at CBA. A weak job market report for December at 0030 GMT could weigh on Australian interest rates and AUD/USD, he says. CBA expects no growth in jobs in December compared to the consensus estimate of close to 15,000 new jobs in the month. Economists expect the unemployment rate to rise to 4.0% in December from 3.9% in November. AUD/USD is likely to settle below 0.6200 by the end of trading if the job market is weak, he adds. AUD/USD now 0.6221. (james.glynn@wsj.com; @JamesGlynnWSJ)
(END) Dow Jones Newswires
January 15, 2025 17:25 ET (22:25 GMT)
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