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2025-11-10 09:02:48
[Australian Dollar Rises on Mildly Hawkish Comments, Focus on Australian Employment Data] 1. The Australian dollar rose 0.2% against the US dollar on Monday, currently trading around 0.6508, mainly boosted by comments from Reserve Bank of Australia (RBA) Deputy Governor Hauser. Hauser pointed out that current capacity utilization is at a tight level and hinted that policy needs to remain "sufficiently restrictive" to narrow the output gap, a statement interpreted by the market as mildly hawkish. 2. Meanwhile, the US dollar weakened on Friday due to weak US consumer confidence data and the ongoing government shutdown, also providing support for the Australian dollar. Although the US dollar rebounded slightly on Monday due to expectations that the US government might end the shutdown. 3. Currently, the Australian dollar remains firm overall, but faces upward resistance and is struggling to break through the upper Bollinger Band on the hourly chart. 4. Looking ahead, the market will focus on the Australian October employment data to be released on Thursday. Surveys predict that jobs will increase by 15,000 in the month, with the unemployment rate remaining at 4.4%. 5. Short-term support is seen at 0.6440, followed by 0.6415; short-term resistance is seen at 0.6630, followed by 0.6707.
