AUD/USD flows: Strong Job Ads Couldn't Fight Falling Sentiment

The January Australian job ads jumped and is fueling speculation of a hike from the RBA on Tuesday. Though this is a positive sign for the Australian labor market, we do not believe that is not sufficient to push the RBA towards an imminent hike. We are seeing a full blown risk asset sell off on Monday, with major equity indexes and commodities in the red. 

AUD/USD is trading 0.36% lower at 0.6937.