Core Viewpoint - The Australian dollar (AUD) has shown a slight increase against the US dollar (USD), supported by positive domestic economic data and a weakening USD, although overbought signals indicate potential for a pullback [1][4]. Economic Data - Australia's economic indicators have been strong, with the January manufacturing PMI rising to 52.4 from 51.6, and the services PMI increasing significantly from 51.1 to 56.0, indicating robust demand and economic momentum [1]. - Employment data also reflects a strong labor market, with December job changes recorded at 65.2K, significantly improving from the revised November figure of 28.7K, and the unemployment rate dropping to 4.1%, below the expected 4.4% [1]. Inflation Trends - Recent inflation data shows a rebound, with the December TD-MI inflation indicator increasing to 3.5% year-on-year from 3.2%, and a month-on-month surge of 1.0%, the fastest since December 2023 [2]. - Despite a decrease in core CPI to 3.4% in November, it remains above the RBA's target range of 2%-3%, prompting calls for caution from the IMF regarding ongoing inflation concerns [2]. USD Performance - The USD has been weak, with the DXY index stabilizing around 98.30, influenced by US economic data and Federal Reserve policy expectations [4]. - The US GDP annualized growth rate for Q3 2025 was reported at 4.4%, slightly above expectations, while initial jobless claims were lower than anticipated at 200,000 [4]. Technical Analysis - The AUD/USD pair is showing a clear bullish pattern, trading around 0.6850, with technical indicators suggesting a potential breakout above the upper channel [5]. - If the pair closes above the upper channel, it may target 0.6942, while key support is at 0.6762; a drop below this level could weaken momentum and test further support at 0.6680 [5].
TMGM外汇:澳元兑美元连续两日收涨,受经济数据支撑
Sou Hu Cai Jing·2026-01-23 06:19