Morning Report

Strong US payroll data has delayed FOMC rate cut expectations, while the Australian Dollar surged to a three-year high.

Key Takeaways

• 1.The US January employment report significantly beat expectations with payroll growth double consensus, leading markets to push back rate cut expectations to July.
• 2.The Australian Dollar outperformed, reaching its highest level in over three years by establishing a foothold in the USD 0.71 range.
• 3.Oil prices rebounded as the US takes a harder line in negotiations with Iran, including considerations for seizing tankers.

Table of Contents

• Key themes
• Data snapshot
• Today's Insights
• Financial Markets
• Today's key data and events
• International Data
• Local Data
• Corporate Directory
• DISCLAIMER

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