AUD/USD Rises Above 0.7000 on Strong Australian Jobs Data
The Australian Dollar strengthened against the US Dollar on Thursday, recovering above 0.7000 after the release of resilient Australian employment figures.
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The AUD/USD pair traded around 0.7010 during Asian hours on Thursday, supported by stronger-than-expected Australian labor market data. The data showed continued resilience in employment, boosting the Australian Dollar against the greenback.
Traders are also monitoring geopolitical developments in the Middle East, which could influence risk appetite and currency flows. The pair remains above the key 0.7000 level, with attention on upcoming economic releases and central bank commentary.
Source: FXStreet Forex News