WEEKLY CURRENCY OUTLOOK

• US-dominated week with no major AU market data released this week.
• US labour with emp change +70K, unemp rate @ 4.4% & US CPI @ 2.5% y/y (prev 2.7%)
• AUDUSD is still expected to be a little bullish this week, pivoting between 0.6925 & 0.7079.

• AUD BACK UP AT 70c!

• With no major AUD data released this week, the AUDUSD will largely be driven by the USD.

• US – 2 headliners this week being US labour & US CPI.

• US labour numbers expected @ +70K (prev +50K) with the unemployment rate expected @ 4.4% (same). This is overall +ve for the USD.

• US CPI expected @ 2.5% (prev 2.7%), a 0.2% drop in CPI which is -ve for the USD, +ve for AUD, so could see AUD shoot higher on this release if expectations are met.

• Overall, the USD is still expected to remain bearish and the AUD bullish.

• NEXT STOP 75c?

Economic Calendar: Mon 9th February 2026 – Friday 13th February 2026 (High Impact) (AU/US)
Day Time(AEST) Event Country Forecast Previous
Wed 12:30am Core Retail Sales m/m US 0.4% 0.5%
    Retail Sales m/m US 0.4% 0.6%
Thur 12:30am Average Hourly Earnings m/m US 0.3% 0.3%
    Non-Farm Employment Change US 70K 50K
    Unemployment Rate US 4.4% 4.4%
Fri 12:30am Unemployment Claims US 222K 231K
Sat 12:30am Core CPI m/m US 0.3% 0.2%
    CPI m/m US 0.3% 0.3%
    CPI y/y US 2.5% 2.7%

Source: forexfactory.com

CurrenCWEEKLY CURRENCY OUTLOOK