ForexMedium•5 November 2026•
1 min read
AUD/USD Breaks Below 0.6950 as US Tech Sell-off Sours Risk Appetite
Key Facts
1The Australian Dollar fell over 1% on Thursday, trading at 0.6931 against the US Dollar.
2A sell-off in US tech stocks (NASDAQ) soured global risk appetite, weighing on the AUD.
3Strong US jobs data boosted the US Dollar ahead of the crucial Nonfarm Payrolls report.
The Australian Dollar fell over 1% on Thursday, trading at 0.6931 against the US Dollar. FXStreet reported that a sell-off in US tech stocks (NASDAQ) soured global risk appetite, weighing heavily on the risk-sensitive AUD.
Strong US labor data bolstered the US Dollar, with initial jobless claims falling to 189k on November 5, 2026, beating the forecast of 196k. Additionally, nonfarm productivity for the third quarter rose by 3.6%, exceeding the expected 2.8% growth rate.
The market is now focused on the Nonfarm Payrolls report scheduled for release on November 6, 2026, with a forecast of 65k new jobs. Several Federal Reserve officials, including Williams and Bowman, are also slated to speak on the same day.