Australian Dollar Rises as Softer Fed Bets Offset Resilient US Data

The Australian Dollar continued its upward trend for a third straight trading day, rising 0.25% against the US dollar. The move came as investors adjusted their interest rate expectations for the Federal Reserve following a soft US jobs report, which offset the impact of resilient US economic data elsewhere.

The rally suggests that market participants are increasingly pricing in a less hawkish Fed, even as other US indicators remain strong. The session's gains add to a sustained recovery for the AUD, which has been supported by shifting rate outlooks.