Australian Dollar moves little as traders adopt caution ahead of US labor data
The Australian Dollar loses ground as traders adopt caution ahead of the US Nonfarm Payrolls release.
The AUD could have received support from easing concerns about the US-China trade situation.
US Initial Jobless Claims rose to 219K the previous week, against the expected 213K and 208K prior.
The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for the second successive day on Friday. However, the AUD/USD pair received upward support amid easing US-China trade tensions as US President Donald Trump and Chinese President Xi Jinping are set to discuss potential tariff rollbacks.
China, Australia’s key trading partner, retaliated against the new 10% US tariff that took effect on Tuesday. However, on Monday afternoon, US President Donald Trump stated that he would likel...