# AUD poised to break above US$0.65 as all eyes turn to US employment report - OFX

> The Australian dollar held a narrow range near US$0.65 and ended the day slightly below that level. A stronger-than-expected Q2 capex print lifted it to intraday highs of US$0.6505. Traders were focused on the upcoming US payrolls report.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/34855-aud-poised-to-break-above-us-0-65-as-all-eyes-turn-to-us-employment-report-ofx
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The currency is near a key level ahead of US employment data, which could drive USD moves. Feed import costs for Australian buyers may shift with the exchange rate, but the effect is modest.

## Read by commodity

- AUDUSD: neutral

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2023/09/01/aud-poised-to-break-above-us0-65-as-all-eyes-turn-to-us-employment-report/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.