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fxAug 7, 2026, 3:38 PM

AUD/USD Surges to Nearly Two-Month High after Weak US Payrolls

The Australian dollar rallied to its highest in almost two months against the US dollar on Friday, after the US Nonfarm Payrolls report turned negative.

AUDUSD

The Australian dollar surged against the greenback on Friday, with AUD/USD climbing above 0.7070 to its strongest level in almost two months. The rally followed the US Nonfarm Payrolls report, which came in negative, dampening sentiment for the US dollar. The pair’s move higher was driven by the disappointing jobs data, which raised doubts about the pace of Federal Reserve tightening.

Source: FXStreet Forex News