The AUD/USD has extended its recovery from monthly lows and climbed above 0.6350. This move was driven by a moderate improvement in risk sentiment, a
AUD/USD Current Price: 0.6367 US employment data is crucial for determining the near-term direction of the Dollar. The Australian Dollar benefits from a moderate improvement in risk sentiment and lower US Treasury yields. The AUD/USD pair is extending its recovery, testing levels above the important 0.6350 zone. decline in US Treasury yields, and the ongoing correction of the US Dollar. However, the direction of the pair will depend on upcoming US data.
However, the key report will be released on Friday, with the official Nonfarm Payrolls report. The expectation is for an increase of 170,000. Jobs data will be critical for determining the direction of the Dollar and expectations regarding Federal Reserve monetary policy. However, the trigger for an imminent rate hike would be a rebound in inflation.
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