0434 GMT - AUD/USD rises to 0.6800, its strongest level since October 2024, as traders ramp up the probability of an interest rate increase in February from 30% to 60%. The gains have been driven by exceptionally strong December employment data, which saw Australia's unemployment rate drop to 4.1% in December from 4.3% in November. The rally is further supported by improved risk sentiment following the Greenland framework announcement and resilient Chinese economic signals, says Tony Sycamore, market analyst at IG Australia. Providing additional momentum is a surge in precious metals, he adds. AUD/USD currently trades 0.6808. (james.glynn@wsj.com; @JamesGlynnWSJ)
(END) Dow Jones Newswires
January 21, 2026 23:34 ET (04:34 GMT)
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