MARKETS16:47 UTC1d ago 1 min readSource: FXStreet

AUD/USD surges ahead of Australian jobs data as US Dollar loses footing

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AUD/USD surges ahead of Australian jobs data as US Dollar loses footing
Image via FXStreet

The AUD/USD surged near the 0.7160 price region on Wednesday, as investors positioned ahead of key Australian labor market data and continued to assess the broader US Dollar (USD) backdrop amid mixed United States (US) macro signals.

AI Executive Brief
  • / AUD/USD exchange rate rises to 0.7160 ahead of Australian employment data release.
  • / US Dollar weakens amid mixed economic indicators in the United States.
  • / Investors are anticipating key labor market data from Australia.

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