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FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
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• GBP/AUD dipped on Friday as a weaker-than-expected U.S. jobs report weighed on the dollar and dampened expectations for a Federal Reserve interest-rate hike next month.
• U.S. employment fell by 23,000 jobs last month, sharply missing the 80,000 gain forecast by economists surveyed by Reuters.
· Money markets scaled back expectations for a September Federal Reserve rate hike, with traders pricing in a 44% probability of an increase, down from 55% before the release of the latest data, according to CME Group's FedWatch tool.
• The Federal Reserve kept interest rates unchanged at its meeting last month, although three of the 12 policymakers dissented, calling for a rate hike.
• Immediate support is seen at 1.9077(38.2%fib) and break below could take the pair towards 1.8991(Lower BB).