Fed Rate Cut Bets and Weak US Jobs Data Drive AUD/USD, NZD/USD, and USD/JPY Volatility – Latest Forex Market Analysis
AUD/USD and NZD/USD gain as Fed rate cut bets rise after weak US jobs data, while USD/JPY remains range-bound amid BOJ ambiguity and dollar uncertainty.Fed Dovish Shift Boosts AUD/USD MomentumThe AUD/USD pair increased to the 0.6480 level on Monday. The rally came as traders bet heavily on a Fed rate cut in September. According to the CME FedWatch Tool, the chance of a cut surged to 92.2%, up from 41.2% before the jobs report. Risk sentiment improved, supporting the Australian dollar.The July No