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fxAug 7, 2026, 10:54 AM

Australian Dollar Edges Up to 0.7040 Ahead of US NFP Data

AUD/USD rose slightly to near 0.7040 in European trading as markets await the US Nonfarm Payrolls report.

AUDUSD

The Australian dollar ticked higher against the US dollar, trading around 0.7040 during the European session. The modest gain comes as traders focus on the upcoming US Nonfarm Payrolls (NFP) release, a key input for Federal Reserve policy expectations.

Market participants are looking to the jobs data for clues on the strength of the US labor market and potential rate moves. No other major Australian data was cited.

Source: FXStreet Forex News