AUD/USD Builds Gains Above 0.7000 on Upbeat Aussie Jobs Data

The AUD/USD pair attracted fresh buying during Thursday's Asian session, pushing above the 0.7000 level. The move followed the release of an upbeat Australian jobs report, which strengthened the case for another interest rate increase by the Reserve Bank of Australia.

Market participants now see a higher probability of a rate hike at the RBA's next meeting, providing support for the Australian dollar against its US counterpart. The pair's ability to hold above 0.7000 could open the door for further gains in the near term.