AUD trading strategy

The USD remained anchored at a 10-month high, while US government bond yields left a 16-year high.

This week, the US will release many important economic reports and are expected to have a direct impact on the Fed's interest rate outlook. Many experts believe that there is a high possibility that the Fed will continue to raise interest rates one more time in the last months of 2023.

If economic reports, especially the September jobs report, are better than forecast, the Fed will likely keep interest rates high for longer. This will help the value of the USD increase./.