Forex Market Updates: Strong US NFP

Forex News: Canadian CAD, Australian AUD dollar lower on Monday

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The Australian dollar is lower Monday morning versus the U.S. dollar.

The AUD/USD was trading at 0.8165, falling 0.0024.

Australian economic data overnight initially pushed the currency pair higher on Sunday night.

Chatter about the RBA meeting on February 3 is setting its sights on possible rate reductions.

Currency trading is choppy as of presstime.

Meanwhile, the USD/CAD was trading at 1.1883, up 0.0021 overnight from the close.

Sluggish energy markets are keeping the U.S. Dollar elevated versus the Canadian currency. Market chatter about sell orders resting above 1.1920 that may limit the currency’s advance is making the rounds.

About Chris Miranda

Chris writes mostly about the latest in the stock market, finance, tech and business.
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