Aussie dollar dips ahead of monthly jobs report

Source: Xinhua | 2019-09-19

The Australian dollar has fallen against the greenback on Thursday, with traders cautious ahead of domestic August labor force data.
At the Asian market open 07:00 (AEST), the local unit was trading at 68.29 U.S. cents, down from 68.67 U.S. cents at the same time yesterday.
"The Aussie pair followed the market reaction to the U.S. Federal Reserve's subdued rate cut,"
"The U.S. Dollar surged across the board even after the Federal Open Market Committee matched market-wide expectations of a 0.25 percent rate cut."
"With the Reserve Bank of Australia leaving doors open for further rate cuts if needed, disappointment from (today's) labor market numbers could lead to increased expectations of another rate alteration in 2019, which in turn may signal additional weakness in the AUD/USD pair."
At 09:00 (AEST), the Aussie dollar was buying to 68.27 U.S. cents.