The Australian Dollar fell to its lowest point since April 2020, as the US December non-farm payroll report exceeded expectations. AUD/USD briefly dropped 0.9% to 0.6142, marking the lowest point since April 2020. Overnight Index swaps indicate a 78% chance that the Reserve Bank of Australia will cut rates for the first time this year on February 18, while traders continue to lower their forecasts for a rate cut by the Federal Reserve.