The U.S. dollar is likely to stay supported in the near term on bets that the Fed will remain committed to a hawkish tightening cycle amid red-hot labor markets and elevated inflation.

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Economic data continues to influence the fundamental backdrop with Bitcoin (BTC/USD), Ethereum (ETH/USD) & Cardano (ADA) benefiting from easing recession fears.

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The Australian Dollar jumped around through the week, with an RBA rate hike and Fed speakers undermining it before trade data provided some support. Where to for AUD/USD?

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Strong labor market dismisses the idea of a current recession. FED officials suggest interest rates can remain high for some time

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